Member Info for maqsood7

according to judge, at the end of maturity date company can arrange cash with any other means.
and he also said that there is no urgency for insolvency.
what does that says??????
JUDGE WILL REFUSE TO SANCTION THE RESTRUCTURING!! imo.

we will be buying bond,lets kick the bod out first.....lol
new bod will maximise the shareholders interest as it is usual for bod,except in hur....:(

now on to LINCOLN!!!!
if some money invested then we could recover that money plus 55mil or more from that well!!!!
what has this bod done to hur and all the shareholders!!!!!!!!!!!!!!!!!!!!!!!!!
judge is seeing what has happened here and what they are trying to do more imo.

yes he said and he said that yesterday too.
now he is on to bond buying programme....

extension is coming.
but now bond holders are worried if bod is changed and new bod spend money to increase production which will lead bond holders in losing out.....

prime does tom want another pandemic??? lol
judge said that in anyway bond holders will extend the BW contract after the dates.........

Retiredbanker.
looking at those reports are taking trading decisions will be a big mistake as those reports are based on oil prices at 35usd only!!
now oil is trading at 70 plus usd and the whole scenario is been changed!!
still each to their own........

you are welcome.

judge is pushing to do deal with BW........

applebee,even tom said in best case we will have more cash than repayment and in worse cash below that figures.

from next july to march 2023 interest was included while we will be paying bond holders in next july.
and wind down cost was included but we will be carrying on the business.
so those two figures restricted our cash more and will come to unrestricted cash and we will be able to use that cash.
do you get that albie???

Albie are you listening???????????????????????????

our unrestricted cash will be more than the payment need to be made to bond holders!!
according to those figures!

exactly.
why you need to restrict the cash for wind down while business is going to be continued????????????????????????????
we are on guys,me think!!!!!!!!!!!!!!!!!!!!!!!!!!!

now on the numbers!!!!
restricted cash numbers are wrong!!

now on to the cash figures at the end of july next year.
problem with figures maybe wrong figures provided by company??
Tom is again in trouble........!

those 55mil asset value was based on loss making oil prices!! i.e. 30-35usd per barrell!!
please remember that.
calculating price of that asset at current oil rate would be significantly higher!!

Here we are having double standard.
Shareholders have loss substantial amount of money here but no one cares.
While everyone(including bod) are worried about loss to bond holders????

judge is saying to andrew that according to you, shareholders want to pay in full to the bondholders at maturity and take the risk in future fully.
but he is not saying to bond holders that they want to take the whole lot and leave the shareholders empty pocket in case of production increase??????

this deal was win win case for bond holders only.
if production increased then bond holders are getting them all!!
if production decreased then they are already around the money they owed to company.
who is the loser??????
shareholders!! who have bear losses over the years and will bear more if deal goes through.
court will understand this hopefully.