Southern Pacific Resource Corp STPJF

opinions-a'plenty

[wittmann]

The one thing I always liked about this board is how everyone entertains different scenerio's as to how and when this company will eventually  fold or end up.The trouble is everyone is usually wrong lol.This company has more lives than a cat.But I suppose that ,in the end,it very well be for naught.Judging by how the maket fell over themselves buying STP stock,with @ 2 hrs of trading left,after the halt was lifted, optimism has vanished.The company did say they would go it alone  after the strategic review failed..so here we are.
It appears the only optimists left here are new posters,and lenny ,with the neon "kick me sign " on his ar@se...but good luck all,anyway.
.

[llennn]

Now just wait before you go, I may get 30 for the DB,s I bought, so please don't go and I want you to know that I don't want you to walk out that door so please don't go don't go my dbs I may get for free so please don't go lol

[colt451]

I don't think the market will react well to STP selling off assets piecemeal...if they just closed down shop and sold the assets at least they could distribute the proceeds to shareholders, now they are cannabalizing their assets to limp on. I'm long on here, but I only look at this as a write off. 

[llennn]

the problem with the shares are the number outstanding, I mean debentures trading at 3 dollars and have a 6% coupon its easy to determine the best one here, and like today 6.6m available, that seems like a lot of people would like to get out the big question is why, with a company shares all the variables that determine stock prices are not even known so I would not jump out to quick I think a