Wednesday, November 07, 2018 9:09:09 AM
SSOF is selling 1 of the 3 companies under its umbrella. They will receive money for the sale of that business which presumably will be used to fund operations/rig purchases/and rid refurbishing.
This is the cash we needed! Who cares who we sell the business too, as long as we get market value for the business. If Bland wants it and pays a fair price, so be it.
WM is right that Bland is back, but the way I read this, Bland has nothing to do with the management of SSOF and it’s operations going forward.
This is all good news for us. Everyone’s speculation and uncertainty caused us to drop ~50% since the filing. Now that we have the answers we were looking for, let’s concentrate our conversations on moving forward, not looking back.
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