Nonsense. This is not a stinky pinkie scam, but rather a real NASDAQ company with real assets and businesses. ESES will benefit greatly from this deal, and has a very bright and profitable future for patient investors.
And, Credit Suisse updated its analysis on ESES today and states that this equitization of the debt is a strong positive for ESES, creates dry powder and a clear path forward, and it maintains its Outperform rating and $4 price target for ESES.
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