Gear Energy Ltd T.GXE

RZE halted

[tylerreddick]

GXE buying them? Not likely.

[Quintessential1]

This post has been removed in accordance with Community Policy

[Roscoe747]

Who said anything about buying RZE? An opportunistic business arrangement that is accretive to GXE in a forced sale is another matter entirely. A matter that requires analysis of RZE's proprietary interests, not a one-liner based on....nothing. The premise of GXE's SI is to unlock shareholder value because they are too small to gain traction in the markets. Adding reserves and production

[Roscoe747]

As of today, AIMco owns 11,893,929 shares of Razor totaling 47.06% while the current debt is owned by suppliers, leaving AIMco's equity interest in the wind unless AIMco or a business arrangement between AIMco and another producer negotiates a court-approved settlement with the debt-holders. I have no idea whether Razor has a lifeline but I have some doubt whether AIMco has any desire to

[Roscoe747]

Razor is halted for an initial 30 days with extensions by court approval based upon viable solutions presented, under the auspices of the Bankruptcy and Insolvencies Act, not the Company Creditors Protection Act. The difference is filing under the BIA means management does not believe Razor will survive. The problem, of course is that all this bone-picking costs money for lawyers, financial