SSN 0.00% 1.5¢ samson oil & gas limited

Dec 10Q available, page-9

  1. 10,873 Posts.
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    Cosmo if you were lucky enough (?) to buy at $0.001 then 100% gain would be nothing to sneeze at if it goes to $0.002

    As a company SSN is, to quote @willial "totally stuffed"

    The recent amendment to their credit agreement should make it obvious - MOB givens SSN 3 choices
    1) Sell the assets and pay me back
    2) Sell yourself and your buyer must pay me back
    3) Get new financing but before any money goes into your hands I get repaid.

    Why would you bother with option (1) when all that's needed is to wait. They are a distressed asset.

    That last amendment from MOB should be a "professional embarrassment" IMO. Have a read, Look at the list of default events and then the last few show a total disregard of even trying to comply - can't even manage to get the monthly financial statements submitted. Couldn't manage a meat raffle

    Where's Hunch when you need him. The shame file on this one is Huge!

    Wonder if Gunna's gunna come down to Oz to raise money (rhetorical question).
 
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Currently unlisted public company.

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