SandRidge Energy, Inc. (fka SDOCQ)

[LouisDesyjr]

What the company is really saying, BK in 30 days

I am sure that if you contacted the company right now, they would tell you that they do NOT plan on filing for bankruptcy; but the fact is that once the 30 day grace period on the bond interest runs out, if the company does not file then the bondholders will force an involuntary bankruptcy on the company.

There is no way the bonds are just going to 'go away and forget' about the money they are owed.

The only thing that has been going on is that Sandridge has used the time to reshuffle the order of priority of the classes of liabilities for the impending bankruptcy with the debt exchanges and asset purchases.

Louis J. Desy Jr.