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Post# of 63559
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SandridgeEnergy

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SandridgeEnergy

Re: JBZ post# 62747

Tuesday, 05/28/2019 3:22:56 PM

Tuesday, May 28, 2019 3:22:56 PM

Post# of 63559
The company is probably weeks away from doing a below market offering in order to pay off debt. The toxic notes were likely sold during the last run up a few weeks ago however. The old warrants that converted at $4.15 before will convert at whatever the offering price is, adding a significant amount of dilution on top of whatever the company raises.
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