SandRidge Energy, Inc. (fka SDOCQ)

[LouisDesyjr]

Taking advantage of a perk?

I find it hard to believe that anyone who was looking forward to the bond interest showing up in their brokerage account thought this way. I imagine the bondholders would feel cheated and be angry at what the company has done. The company can't, or won't, pay $21 million in interest but did have all kinds of money to buy new oil rights late 2015?

Anyone who owed the effected bonds was expecting to get paid, not to find out that the company decided to 'delay' the payment 30 days and that it is a 'perk' of their money.

I put delay in quotes because if the company files for bankruptcy it will be months before the effected bonds will see anything since the proceedings will take so long. It is possible the effected bondholders will never see the interest money.

Louis J. Desy Jr.