PEZ
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0.00% 1.7¢ premiere eastern energy limited

Ann: Directors and Company Secretary Resignations, page-25

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  1. DONACO88
    4,427 Posts.
    lightbulb Created with Sketch. 77
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    28/11/17
    19:42
    Post #: 29191877
    4 scenario here:

    1) the bondholders is able to liquidate the company.. shareholders get a payout.. WIN
    2) the company pay out the outstanding debt.. prove money exist.. WIN
    3) oil price goes up.. company profitable again.. WIN
    4) oil price goes down.. company make a loss.. LOSE

    i don't think the directors is fraudulent, they were just caught out because of the low oil price since IPO.
    PEZ Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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