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Replies to post #1946 on Denbury Resources Inc. (fka DNRCQ)

Replies to #1946 on Denbury Resources Inc. (fka DNRCQ)

Atlanta1

09/16/20 12:04 AM

#1947 RE: tutt1126 #1946

wrong. stock is not an asset on the company's balance sheet.

tutt1126

09/16/20 12:05 AM

#1948 RE: tutt1126 #1946

The whole purpose of this bankruptcy is to RESTRUCTURE the debt of $2.1 billion.
Not to RESTRUCTURE the assets.

ErnieBilco

09/16/20 12:32 AM

#1951 RE: tutt1126 #1946

It's a softer way of saying they declared bankruptcy to clear the books so they can run it into the ground again with the same crappy management that put them into bankruptcy.