Re: Abraxas Announces Debt Refinancing and New Borrowing Base, Ample Liquidity and Enhanced Balance Sheet Stability
IMHO
Hope the analysts ask for the terms of the new debt.
Is this simply another masked dilution of shareholders with a potential debt to equity arrangement and if so what are the terms.
Hopefully this isn’t simply a continuation of Watson’s Ponzi like operating scheme where he sells off a piece of the company allowing him to continue skimming off the top.
The market reaction to this announcement so far is slightly negative.
Also the quarter was another miss.