Liabilities 100% Fully Covered By PSA13 Aug 2019 14:01
LOL, NI, how do you think the deal was completed otherwise. The deal was transformational and totally innovative in terms of a NS transaction. Once again NI you miss-represent the methodology against the BKR deal as the liabilities came out of the blue - Wrong, all details were presented within the BKR deal documentation. No massive up front cash settlement, but rather a PSA that is fluid as it reflects the production at the time of accounts, that is how the deal works. Fully covered by cash generated from revenues that are calculated daily on production figures, to the point that BP will pay us (thus zero liabilities) if revenue is too low
You are just spouting rubbish in trying to hoodwink investors into thinking SQZ do not have sufficient cash to cover their obligations, where as both you and I know that will never be the case with the BKR deal as laid out in the BKR PSA.
Then again, you have clearly never read the BKR deal documentation, otherwise you would realise what a fool you have been all this time misleading PI's ..... or worse still, you have read it and know exactly what you are doing, which is it ?
Makes no difference, the PSA is as stated we take 50%, BP et al the other 50%, this 50% are the liabilities referenced on the balance sheet ...... end of ... period. In 4 months SQZ will receive a further 20% increase in PSA revenue, likewise a similar reduction in monies / liabilities paid to BP et al
Does your boss want to push the sp down further ? As an employee of a pro trading outfit, according to LSE T&C you should be banned from this BB. It also has not gone un-noticed the correlation between your appearance and SP movement, take notice of Burford for your future reference.
aimo
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