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cleverrox

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cleverrox

Re: biztech post# 623

Thursday, 10/23/2014 2:16:14 PM

Thursday, October 23, 2014 2:16:14 PM

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Armada is flat broke best I can tell. They might be able to get another $4M for their remaining position in LA. I suppose it is possible there is a straight up bank loan involved here. The 80bpd property they already own is probably worth something as collateral.

I'm glad the purchase is being done at these levels and not when oil was over $100 a barrel.



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