AEJ 0.00% $8.00 redbank energy limited

ithaca , I would be happy for you if you got 30 cents a share...

  1. 523 Posts.
    ithaca , I would be happy for you if you got 30 cents a share but the reality is there is a truck load of secured debt and some overseas based vulture funds now holding a chunk of it.

    This would value the equity at 240 million just as the banks are walking away at 70 cents on the dollar, writing off 750 million. I think they will be working on more information than I have.

    Good luck, if you win so do I.
 
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