Legacy Reserves Inc fka LGCYQ

[reaper247]

LOL laraz,

That doesn't make any sense.

Legacy Reserves NASDAQ: LGCY has secured a simple credit facility from Blackstone.

Its not debt until the company actually borrows it. To claim that a loan, that has yet to be taken, is somehow toxic or dilutive to shareholders is laughable.

I think most people get that. Not sure why others have such a hard time with it.

Of the $300M available to Legacy from Blackstone, Legacy hasn't actually borrowed much.

If someone has a credit card with a $30,000 limit and they charge $6,000 to that card, in what world does that make them $30,000 in debt to the provider?

Are they paying interest on money they haven’t borrowed? Of course not.

Its a dumb argument to even try to have.

BTW, for those who don’t know, yet wish they could invest in Blackstone, they are a publically traded company NYSE: BX.

You’re welcome. I am always happy to help when I can.

LOL, IMO and FWIW.