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brandemarcus

04/13/16 9:08 AM

#18 RE: LouisDesyjr #17

The equity being negative is not written in stone. It is using a point in time oil and natural gas price that can change considerably. What if you are wrong about oil and natural gas price direction for the next 3 to 4 years? That's a lot of time (option value ?) for things to change.
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liverless

04/13/16 10:12 AM

#19 RE: LouisDesyjr #17

What you are saying does not make sense. Who cares if the book equity is negative? They already have a deal, it was approved by the court, common gets 4% plus 30% of warrants. Anyone can do the math on what that means for MC and EV. This has nothing to do with retail traders.