Landdrill International (fka LDI)

[discoduc555]

Bye bye or buy buy?

Very upsetting. It seems obvious to me that they have known about this for weeks and are now using it as an excuse to delay what are probably some dismal 2Q results. They didn't even bother to put it up on that snazzy new website of theirs yet:

http://www.newswire.ca/en/story/1028071/landdrill-announces-demand-for-payment-from-secured-creditors-and-delay-in-filing-financial-statements

The way it reads, it sounds like Sprott set off a run on the company. $16 milly just came due all at once, and I doubt there are any rabbits in the hat here. Asset grabbing at the expense of equity and it all seems very hostile. Anybody that can make this payment will pretty much own LDI free and clear and walk away into the sunset.

Story of my life. Always wanting my goods but never paying me for them. The world hasn't been a very disco place lately...