Post by
mrmomo on Feb 08, 2024 9:30am
No TO......NOT yet...
Not until the noose around their necks tightens A LOT more and much more pressure is exerted of them. And they start to feel the pain & discomfort from their awful decision making in the company. Once some insider Vip's frustrastions, discontent & industry pressure starts to build up to more "critical levels", maybe then, we can revisit that option again
If folks don't know, i've removed them as a "possbility" for ANY M&A after their last REDiculous company update and that crazy insane interview given by that bumpkin Ceo of theirs.... Jethro Camplett. And if you don't know what i mean or you haven't been following this story closely, i strongly suggest you at least read their last news release, their recent update they gave on operations, AND view that REDiculoius interview the Ceo Jethro.....gave on BNN. Only then, will you understand why ANY M&A for this company is off the books......for now. Until the noose around their scawny necks gets tighter .....that is......then we'll revisit that possbility again....
Prior to that update & interview, my opinion was that some M&A deal was a strong possbility, because the company was in deep doodoo and that was their only way out remaining as "viable" options go. But with Jed & Jethro Camplett in charge here, AKA Tolken & current Ceo, this company isn't going anywhere soon with sort of M&A deal, which puts them on streets with no lofty paychecks, generous bonuses or job.
These two tools above, and probably the rest of their REDiculous mgmt Team, will ride this ALL THE WAY back down to $1 again if they have to, like the last time .....If things get really THAT bad for the sector. Because in their CRAZYYY minds, and as for their own personal objectives as well, as long as ongoing operations are able to cover ALL their REDiculous salaries & ALL G&A expenses....they are good to go no matter how bad it gets. They WILL hunker down & ride this ALL the way back down, even if they have to borrow thier way out like the last time. So in their minds, repeating the same process and getting back to $1B in debt is NOT a problem as long as they STAY in charge and keep the pyramid scheme going for as long as possible.....
So with that said, the "probability" of ANY TO is quite low here now, until at least that noose gets VERY tight to the point making them unable to breath to operate properly as a viable entity. So as long as as no one puts pressure on them and they can continue to borron, they will hobble along just fine. To the detriment of s/h of course.....of which they really don't ANY concers for or as a priority. Which of ocurse is trwoing their "fiduciary duties" straight out the window, in favor of personal interets.
Personally i don't really care if a TO happens or not, as my holding & exposure here is quite minimal, but for ANY long term, long standing s/h who has been with them for years and a staunch loyal supporter of the company......this will be devastating outcome in the longer term. I don't want to be too pessimistic here, but i see no other alternatives or postives outcomes.
I'm STILL waiting for MY BIG deadcat bounce to happen....lol... so i can unload my modest position here to move on. Because i see NO possibility of ANYTHING good for the company in the next 24 months.
I mean it's always possibile things COULD change, and some sort of M&A could happen at some point....but i just don't see it in the immediate future with any sort of willingness on Birch's side or mutually agreed deal. Anyone thinking of taking over Birch at this junture, will have to go totally "hostile" of their aZZZ, and that's a whole different messed up salad & set of circumstance.......and almost NEVER works out too well in the end for the Candian O&G scene.
So what "possible" explanation is there for the "suspect" trading yesterday? As it seems some of you are asking here and are concerned with? Imo, it's most likely short sellers covering their "lucrative" trades they had on over the last few weeks. To me it smells & looks like that's what it most probably is, once you discount & eliminate everything else......
GLTA