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Bullboard - Stock Discussion Forum Zargon Oil & Gas Ltd ZARFF

Energy Oil & Gas E&P
Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin... see more

GREY:ZARFF - Post Discussion

Zargon Oil & Gas Ltd > 3 cent stock
View:
Post by rad10 on Jan 24, 2019 8:21am

3 cent stock

Well there we have it...

Can't believe i received PIK at 30 % for my 3 months of interest.  First time I have ever received a stock PIK at a fraction of the cash value of the interest...  can't believe posters would actually voluntarily buy more debentures and prepay interest with their hard earned cash...... only to receive 30% of its value before transaction costs...  financial suicide....

i wonder how many offers they received for their ND assets....  An update would be nice.
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