Clean shell28 May 2020 09:08
Clearly all the nodding donkey assets in the USA were marginal assets even when the oil price was good. Now they are not commercial, all binned or being binned and the transaction binned. They have re capitalised, change the board, clear the debts, get some cash in the bank and become a clean shell. At least they have made some provision for share holders with a broker to get some placing stock. I took part in the placing but got scaled back...got about 2/3 of what I asked for