Sabine Oil and Gas Corp fka SOGCQ

[moneym8ker]

No.

They are not dumping shares. It is a matter of fact, not opinion, that they are not dumping shares.

Can Lazard suggest a offering? Some dilutive share offering or debt equity swap?

Sure!

And they probably will...

But... The share price is soooo low that only a maniac would try to pay off $200 MILLION in debts with a $0.07 stock(do the math for fun to see how any shares that would create).

What they'll do is this... And it's worth the read...it's also a "spoiler alert"

They'll feign a BK option where the creditors get pennies on the dollar.

The stock will soar on this play because the stock is worth $3.00 per share with no debt...

Then they'll offer creditors a sweetheart deal.

Boom!

Anyone buying at this price ($0.0725) will make 1000-3000% gains.

(Traders who bought higher will make markedly less or barely break even)

Why?

Because SOGC earns in excess of $330 million per year and the only thing standing in the way of a profit is debt.

That's why.

You saw it here first.

(Sorry to SOGC creditors who are reading this shaking their fist screaming : "damn you spoiler!!!"