Long Run Explor Ltd Ord WFREF

terrible shape

[canne]

LRE must be in horrible shape if this is the best deal Andrews could come up with. Lenders probably get 100%, debenture holders get 75% and long time shareholders get about 7.5% - or less. While it is considered good business to apportion nearly all the risk to the small investor, I wonder what Bill will put on his Christmas message to shareholders. " relearned lesson from past experience,  took large risk, didn't work out, darn, I hate when that happens, it was good while it lasted, sorry Longs - better luck next time". HAVE A GOOD DAY.

[barneyj44]

and the Boob still keeps, his job, Penn West, Long Run, what company can he decimate next.

[madmax1980]

so what happens now? we get .52 cent and a kick in the a**? company closed? what next? I am a newbie on this

[richc3]

"The Long Run buyout, which requires shareholder, debentureholder, lender and court approvals, along with regulatory approvals from Investment Canada and, possibly, Chinese authorities, is expected to close in April, Williams said." So basically it has to go through a ton of approval processes and if so, you'll get your 52 cents. It's not entirely a slam

[techn9ne]

Do you think they will have put the agreement with MIE away if the bid was fake? (personnally, I cannot figure it but everything is possible in the market, especially when dealing with Chinese) For the fact that the Chinese name is unknown for now, it was the same thing with New Star Energy, the name was then making public lately. https://www.marketwired.com/press-release/new-star-energy-ltd

[Reflect]

The Strategic Asset Rationalization Initiative was to explore ways to improve the capital structure of LRE and was not intended to be a fireside sale to pay the Bankers off at the expense of the shareholders. Obviously, this was a lie & the sole intention of the Strategic Asset Rationialization Initiative was a conspiracy by the Bankers and CEO Andrew & the LRE BoD to defraud investors