Chesapeake Energy Corp (CHK)

[ogbull]

minkman... you are so correct.

In my opinion, Lawler traded shares for debt as a publicity issue to show that the company was willing to do anything to lower the expenses.

As time moves forward and the share prices reaches higher, the bond holders will get less stock. Time is on Lawler's side. This debt is not due now he is not going to give away dirt cheap shares. He will wait till share prices moves up much higher.

Chesapeake at these prices is indeed a gold mine.