Red Eagle Mining Corp RDEMF

Any news

[Saighani]

So I just purchased last Thursday at .015 (100,000 share).
now I am hearing this company in process to file bankruptcy.

Anyone can confirm this?

what is everyone takes on this ?

[9rookie]

YOU SCREWED YOURSELF SHOULD HAVE DONE A LITTLE MORE DD , SAY GOODBYYE TO YOUR $1.5K

[BASTILLEDAY4U]

I don't see bankruptcy as an option, I will only believe what the regulators and tsx tell us, we are in a halt, one can assume this ceo is no longer in charge.

[knowsnothing]

They are already out of business, will never trade again in my opinion. It is not a viable company anymore

[BASTILLEDAY4U]

perhaps they may be out of business but I don't see a bankruptcy, this company has already been discounted, I expect someone will take it out soon,

[ProfitTr8]

This post has been removed in accordance with Community Policy

[9rookie]

Question is Who is left at Red Eagle , they all sold their shares and headed for the hills . Creditors have taken the asset.  They will recover a few pennies on the dollar for the 70 million or so in debt.  Shareholders will get $0.  You mentioned TBE.  How much did shareholders get there???  $0. Only question is will R pursue the guy who breached his commitiment

[MiningGuy2018]

I was at the gold symposium in Colombia last week and this was a common topic of discussion. Unfortunately everyone sees this as being over.

[ccrfmac]

As far as I know, the biggest shareholders are also the main lenders to the company. According to Kallpa Securities (Lima, Peru), they are trying to get a solution different from bankruptancy, that is the reason they did not apply for chapter 11 yet. Let's hope there is a deal coming on. The company has good assets, but lousy management.

[99snakes]

Lol ....there is NO OTHER SOLUTION DUMMY .....there cooked , bankrupted , lenders will get everything owners , invested get bent over , this halt turns into chapter 11 , wake up fool your day dreaming if your hoping for another result ...... 99snakes

[LeafInvestor]

You don't have a lot of friends eh? People are holding out hope, even if it is not realistic. Not necessary for someone to be extremely rude and condescending. You need to grow up.

[99snakes]

Lol no friends none at Red Eagle ....don't shoot the messenger , it's MANAGMENT you should be pissed at .....not sugar coating nothing just telling like it is , they took a chunk out of my rear , so ya I can say a lot paly boy , time to take off your rose coloured glasses FRIEND ....LOL 99 Snakes