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Tuesday, October 15, 2019 11:45:37 AM
I've been in many Shell takeovers, and that's exactly what I expect to hear. When the old companies start to fail, "house keeping" is the first thing they stop doing. They're going broke and they fall into two camps.
1) They are worried about the business AND their business relationships, so they are just trying to figure out how to pay their bills and keep employees paid.
or
2) They are just trying to figure out how to not leave empty handed.
Either way, the folks that take them over have to figure out how to either pay off old debts that have been attached to the ticker, or work out a deal to pay them in time.
Then there is the filings with OTC and their State.
We've already seen that they have the State satisfied, so that's a definite sign that they plan on making something out of it.
I for one, will be happy to hear what else they have accomplished and also to hear more about their plans moving forward.
Being led around by people who tell you what you want to hear, is not only dangerous, it's not much of a trading strategy.
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