Pieridae Energy Ltd T.PEA

PEA Debt Comes Due October 23rd

[commonsense101]

It will be interesting to see if they say anything different about it in next weeks call. Its due in full in 7 months, and they have no chance of paying for it out of cash flow.

The only pound of flesh available to the loan sharks TEC is to get another big chunk of shares- meaning lots of dilution for existing shareholders.

So maybe the stalemate will just go on after the term is over.  Pieridae has already been long in default. So theoretically TEC could just take possession. But possession of what? Shell has the operating licences not, Pieridae. So TEC could not sell the company- maybe they could not even operate it.

So maybe PEA will just go on paying the 15% interest until the debt is paid off- as far off in the future as that still is.   ??

[garnot]

You can ask the question at the next week call

[Zach88]

I betcha they push back the debt due date again, like last time.

[commonsense101]

They cant push back the term due date without TEC agreeing. But I'm suggesting above what amounts to the same thing- they just keep paying 15% until it is paid off (no earlier than next year). TEC could go for foreclosure on October 24- but they would be "winning" an albatross they could not sell. (And TEC has for almost the whole loan term since 2019, been waiving requirements

[Zach88]

I agree. By "they" I meant Pieridae and TEC, not Pieridae alone.

[downwithdotcom1]

Yo Commonsense-look who's back-were you not trashing PEA as a going concern when it was what 30 cents and then disappeared from posting as it climbed north of a $1.60??.. i got a few nice trades in more than paying for my original buy and now your back once again posting ill will just like before. PEA is actually in alot better shape than before and the 4th/1st quarters will demonstrate some

[commonsense101]

I just looked at my posting history. I posted rehularly as the SP kep rising. I stopped in November when it started ratcheting back down.  I always check in and read whats here- not much posting by anyone for the last few months. Pretty boring. Not much info to speculate on. I make money on countertrends of stocks I have a good idea where they are going. This one, PEA- there is a minimum of