100 million in debt becomes 100 million in equity
i agree with the poster that says its actually good for clne ...interest payments it doesnt have to make
this says way more about chesapeake than it does about clean energy
No matter how you spin it, they have lost a valuable investor and NG producer. Where is the money to grow? Could it be in Littlef... and comp.pockets? CHK did not like the way this company was running! Hall of GREED!
I have been saying for months that this CEO is a sc#%$m artist and so far three of my predictions have come true.
1.I said that the scheduled insidersales were excessive, self serving and with a purpose. He has sold up to last week.
2. I also questioned the relationship with CHK and its continued support. The sc##$%m artist reeinterated money coming from CHK few days ago during the CC.
3. My third hunch was that he was going to wait for the stock to fall to years low and announce a secondary to favor the few....
I feel sorry for the true believers in this company especially the individual investors who get sucked in for various reasons, including the dream of more jobs and American independence from foreign oil. One can obviously see through insider sales where the millions have gone, NOT in the investors pocket. Sold today my last week initial investment with a gain and I will keep an eye if there will will be some radical changes with management and the board who condones the present status quo. Good luck to every one.