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Re: black_slk320 post# 2246

Monday, 11/07/2016 1:15:50 PM

Monday, November 07, 2016 1:15:50 PM

Post# of 4800
I disagree. Oil was $26/Barrel when the company, BBEPQ filed Bankruptcy. The SEC letter to the court said the company asset outweigh debt and liabilities by $900M - $2B. If oil was $26/B then, and $45/B now, their assets are now more than what the SEC investigation produced. Secondly, the company has tried to get an approval for no-minimum sale price. That means they can sell assets at deep deep discount, which would company dry, leaving nothing for us shareholders. Court needs to make sure whole company is sold as one or auctioned off as such.

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