Diaz Resources Ltd V.DZR

Wait a second

[diggerbull]

Can somebody who is a little wiser explain this to me? Management drives the company into the dirt, rolls our positions back and wants to try a debt to equity swap. Wait a second the company who holds the debt is also owned my the head of Diaz management?!? How little does this company think of its shareholders

[quartus]

Very Very Little. I found it strange that they put a second secured deb. in-place when at the time gas prices were heading south and the interest payable on all the debt was doing to be big $$$$. After all the smokes clears the holders of the secured deb will probably control north of 90% of the shares when you take into account the majors holders in the secured deb are also major 

[w8asec]

Let's hope management aren't planning to shaft its shareholders by going private... I also own a chunk of TUS which is controllled by the same group