KEEPA KNOCKIN BUT CHA CANT COME IN
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lol i have been the victim of two bankruptcies so far, n this crazy stock game... BAA is my only hope left to recoup,,, LOL
everyone is filing bankruptcy, i wonder if this will be next for baa LOL omg
hmmm interesting... its surely standing still....with a extension due payment set for 7/15 lol
unwind with a right to left wrist action LOL
lol its just speculation,,,, thats what all of this stuff is.. LOL
yea whatever LOL
hmm no movement huh? LOL
that would be kinda juicy.... this should be right up there with the other high dollar gold stocks that are trading on major exchanges...
hmmm lets see what happens LOL
LOL just checking LOL
has anyone wondered how long BAA will trade under $1 before it has to skootch down to a lower exchange? just one of life's interesting tidbits LOL
well gee willackers with all that juicy technical talk this should be right up there with the big boys like barrick , goldcorp, newmont, rangold, in regards to its current price,, huh? LOL
really? LOL we shall see.. LOL
LOL it gives them hope LOL
charts are so pretty and colorful,,,, too bad they are not reliable in most cases. LOL hehehehehe...
LOL not .20's LOL
yea thats about right LOL
oh please .33 inch worm moves are nothing.... now if .63 those are the kind of moves dreams are made of LOL
wow 100,000 shares of that now worthless paper.
well from the past,,, its not going to far.. LOL up a few pennies then back down a few pennies.. and if it keeps up the trend the 52 week highs will get lower each time
YES wouldn't it be nice if BAA were up $7 LOL
yep and they just may default on their july 15 date.....
there mine developments among other things have come quite a ways also, so will the continued decline is 52 week highs continue, or has it reached its final decline and will start on an upwards sweep.??? hmmmm LOL
50 or 30 which one of you boys is correct? LOL but from looking at the declining highs over the years, its doesn't look too promising, but on the other hand,, they have done a lot more mining in new places since then too... lol I'm so confused,,
well that don't sound good at all LOL
.50 is not really much considering the magnitude of this company... it was that not too long ago.. LOL
wow was once $1 not its in the .00's LOL
well that is good.. LOL hopefully they wont default on this 7/15 grace period LOL omg
LOL pretty much i guess LOL
so in other words its over for this company.. chances of revival are none?
patience is the key LOL
oh brother. maybe another spike will occur before dread occurs.. LOL
oh brother.... LOL sounds like its time to escape before its too late.. LOL
Sabine Oil & Gas, Lenders Amend Forbearance Agreement
July 02, 2015, 07:27 AM
Filed Under: Energy
Related: Forbearance Agreement, Revolving Credit
Sabine Oil & Gas Corporation announced that on June 30, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its revolving credit facility. The amended forbearance agreement will provide the company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the company's debt and capital structure.
Pursuant to the amendment to the forbearance agreement, the lenders under the revolving credit facility have agreed to forbear from exercising remedies until the earlier of (i) certain events of default under the forbearance agreement or revolving credit facility, (ii) the acceleration or exercise of remedies by any other lender or creditor and (iii) July 15, 2015 (the "Forbearance Period"), with respect to the company's currently existing events of default under the revolving credit facility. In exchange for agreeing to forbear, the company has agreed during the Forbearance Period to (i) further limit its ability to sell assets, (ii) undertake efforts to appoint a chief restructuring officer, (iii) implement procedures to segregate the proceeds of collateral under the revolving credit facility and (iv) pay a forbearance fee equal to $500,000.
As previously announced, Sabine has retained financial advisors, Lazard, and legal advisors, Kirkland & Ellis LLP, to advise management and the board of directors on strategic alternatives related to its capital structure. Sabine believes it is in the best interests of its stakeholders to actively address the company's debt and capital structure and is continuing discussions with its creditors and their respective professionals. As previously reported, as of May 8, 2015, the company had a cash balance of approximately $276.9 million, which provides substantial liquidity to fund its current operations. The company is continuing to pay suppliers and other trade creditors in the ordinary course.
Additional information about the amendment to the forbearance agreement can be viewed here.
Sabine Oil & Gas Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States. Sabine's current operations are principally located in the Cotton Valley Sand and Haynesville Shale in East Texas, the Eagle Ford Shale in South Texas, the Granite Wash in the Texas Panhandle and the North Louisiana Haynesville.
LOL this is the biggest joke since barking door bells LOL.... if people are hanging around waiting on this to make them money , then they will be waiting for a lifetime.... LOL
$$$ what is the future of $$SOGC$$$ will this be another case of bankruptcy .... its so quiet on the board
this is dead... RIP its days were over for a few years now LOL
this poop wad stock is still lingering,, omg,, i invested in this stuff many years ago,,, it was going down then and its still in a downward spiral... And not another reverse split.... LOL
Is this another Bankrupt company coming to kill our investment LOL
LOL I guess just show me the $$$ per share.... so I can move on,,, LOL