Surge Energy Inc (Alberta) T.SGY

If they can eliminate the banks?

[soundandfury]

Unfortunately this might be impossible to do........cause with not bank backing debt becomes more risky and hence more expensive.........i think without banks debt there would be no covertible debt unless sgy issued a statement condemming the banks for what they have done and vowing never to take out another bank loan...........lol....lol......i would actually pay money to witness this

[geezer21]

"...cause with not bank backing debt becomes more risky and hence more expensive" If a company is relying on a bank to pour more money after bad money to try and save what the bank already has invested in a company banks will demand more interest for the increase risk and/or dictate restrictive terms.  This is stacking more risk on top of capital already at risk. This is what