Arete Industries (ARET)

[bonehead41]

Just like bank financing ..new wells ….this shame is cannot make enough money to cover their expenses. They need to borrow money to pay preferred share holders..how are they going to pay that loan off …makes you wonder..they still have 25 % of assets they can use for collateral borrow to pay off that loan..just like a giant snow ball rolling down a hill the debt keeps growing.