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Bullboard - Stock Discussion Forum Southern Pacific Resource Corp STPJF

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > It's a rigged game
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Post by wdr2 on Sep 03, 2014 10:53am

It's a rigged game

Between the Banksters and the Bokerages what chance do these junior companies have.They take on way too much debt and then have to cow tow to whatever the Banksters want to do.Sad really it's come to this but the banks will win every time at the expence of the shareholders and the company.
wdr2
Comment by edmbonds on Sep 03, 2014 11:43am
This isn't a game and it isn't rigged, unless you think loaning money with conditions attached is somehow unfair.   When you buy a GIC (which I recommend you seriously think about doing) you are attaching conditions to your money (interest rate, maturity date, payment schedule).  Do you care if the bank runs into problems?  Only to the extent that they can pay you back ...more