Comment by
perdikaoilgas on Aug 12, 2015 10:02am
Buchanan is the main responsible for the company's debt mess. He is the CEO and he should have sold properties to reduce debt when oil was higher.
Comment by
perdikaoilgas on Aug 12, 2015 10:04am
Buchanan's credentials in his previous company were not good. See, he was the CEO with Charger Energy which was loaded with debt too.
Comment by
Jimmy2014 on Aug 12, 2015 11:00am
Without a major shareholder to oust them this is a common outcome. Karnalyte' (KRN)s leadership resigned in mass recently so it can be done. The only positive I could see is that expenses contiue to come down and net debt is lower at 184.5 million.
Comment by
ggrellette on Aug 12, 2015 12:47pm
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Comment by
Kherson on Aug 12, 2015 1:10pm
The information that you seek is clearly explained already in today's NR! Kherson
Comment by
ggrellette on Aug 12, 2015 2:38pm
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Comment by
jollynik6 on Aug 14, 2015 7:57am
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Comment by
alwhore on Aug 14, 2015 9:17am
Poor jollyloser is still losing money everyday. Too funny !! Why not add to your position in SGL or LRE or BXE ? You better hurry though, they are going to zero.. ha ha