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knowbs4u

07/21/16 10:54 AM

#11661 RE: 56Chevy #11660

Personally, I like the 57 Chevy but that is neither here nor there.
I think the difference in the Sandridge bankruptcy and others is that Sandridge brought it on themselves, to save their own selves. Probably not even the employees just the big money guys. And, you are probably right at least if you look at share price but, I am like Mr. JNelson and will continue to hold a fairly sizable position.
I think that a fight did and does need to be put up in this case in particular. I know that if I go BK I loose everything and there have been times its been tough, but you know what, I struggled and still paid my bills. Somewhere along the line business bankruptcies became too easy and enticing. The laws will have to be changed for the general public to ever regain any confidence in the market and that is going to take some time. I do know in the short term there are still things going on that could change the course of this particular case. So Mr. 56 Chevy, I hope your wish comes true and we do manage to prevail.
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kingman

07/21/16 3:55 PM

#11662 RE: 56Chevy #11660

Oh I agree with you about the day traders , and opportunists who are simply in this on a bet after the collapse , perhaps I should have bailed on it but I thought based on statements from the officers that it would make if the oil moved back up before the end of the year . I dont like it when they are not honest with us. Hope we manage to salvage something .