Last qtr. conf. call cancelled, with the sell scheme, earnings according to the 10K were terrible. The fraudster's haven't announced when earnings or a conf. call with shareholders, analyst will be. Or anyone who might ask a "?" that they would have to lie and be held for it in court. They learned from the last few Lone Pine conf. call's that letting anyone ask a "?" on a conf. call is suicide in a courtroom!
Market cap is dancing around the 250 mil. line, I do believe covenant's will come into play below 250 for a certain length of time. Tic toc the fraud is on the clock! Can't wait for earnings!
Until earning's, need to pull another rabbit out of the hat. Will this fraud blow up when the "Deal" is not made and the credit facility pulled ? It 's a either or situation. the end is near.
If you are a shareholder do the math! It's simple, management is"selling"out the shareholder for alast grasp of liquidity. If this sham deal doesn't go next week then Forest earnings are front and center. Of course they will be terrible and the credit facility will be pulled on breach of covenants and BK filed and criminal and civil cases filed against Forest managment. You don't rip people off for billions through fraud and walk away untouchedand enriched. That old school rip off from 2008 is long gone.
Yes, that that would be the new scheme as the lawsuit's and shareholder votes "won't"allow Forest to be aquired by Sabine. The smell of "Fear" is in the air for this group and I do believe the credit facility will be reduced or pulled on this qtrs. earnings. which will be awful as usual. Yes, they are a fraud and thieves.
Ok, so how does crooked management get around shareholder's who "won't" approve the fraud Sabine takeover? Of course, instead of having to get approval from shareholder's for a sale which they can't get they take over Sabine. That say's a big "F" you to the shareholders and management will do this whether you approve or not! Then we give a dividend to all shareholders of .10 cents a share to indemnify the shares from being shorted by said #$%$ off shareholders for the rest of the year so management can screw them whether they like it or not! Talk about shareholder abuse, this group takes first prize! It appears management is very fearful of something that will happen at the end of the month if they don't pull this off, anyone have any idea's what that is. I smell the credit facility might be pulled or reduced on the earnings this qtr. Just saying, the smell of desperation is all over this.
They are so desperate as to pay .10 cents a share to indemnify the shares against being shorted the rest of the year thus helping to maintain or boost PPS and market cap. This in turn helps to maintain certain loan covenant's. Really on the edge of legal and or ethical, it will all depend on how it is implimented that decide if it is within the law! But definately on the edge and with a 14 time line very desperate!
Just filed, late Friday 8k is a dosey! Dividend of .10 payable to shareholders of record on the 24th. of July. First, Forest doesn't have .10 cents a share for a dividend, it will be "Borrowed" money! I'm sure the credit facility lender will sign off on this. Only if participating in the fraud! Second, check out the discloseron of what is tied to you accepting that dividend! Third, a hurry up date of July 24th. has a smell of desperation to it !!
Anyone have any thought's on the reason for the switch of aquirers? Maybe because Sabine is the preverbal pig in a poke on information available(their private) and the lawsuit's dictated it. Either way the shareholders are screwed, deal closed and dilution to infinity or no deal and bankruptcy. Lose,lose either way! Oh, and this QTR. earning's are right around the corner! They "won't" be good. Last qtr. it was the "deal" anouncement that meant no "Earnings Call". What rabbit will it be this Qtr. I wonder? After Lone Pines last couple conf.calls from which they will suffer from the lawsuit's, they have learned not say anything! Only do required filings and let new's wires do the announcing of said information to shareholders.
Either they buy back a "Billion" or two of stock or the PPS will be going nowhere but "Down"! Oh by the way, management will be "selling" their free options right into the buy back. Business as usual for this group, don't be the one to get fooled!
This group, they are so desperate and clueless that they can't even decide who is the take over company. The fraud called Forest is run by idiot's that aren't even good criminal's! This has turned into a Lone Pine fiasco that even Barney Fife could see through! Come on man, are you kidding!
Really there is nothing left to say, the quiet from the company scream's volume's !! Sabine is only a last grasp delay tactic as retribution time for this group and their fraud is now only "Month's" away!! The lead council for Forest left when the debacle at Lone Pine happened and thing's have only gone down hill for Forest since. Their legal liabilities far exceeds their net worth by "MULTIPLES" and that does not even count their "DEBT" on topof that ! Again, ""No" entity in their right mind would buy Forest. Their shareholder's would sue the company.There again lies a smelly pile, Sabine is "private" until after the deal! Talk about the pig in a poke, I'm thinking your about to come out of said poke with a hand full of that smelly pile!
This Sabine deal is just a delay "scam" by this management. The buyout rumor is keeping FST alive for the moment. The "Deal" will not happen, then it is back to the original breach of covenants and BK. This management will hold on until the last breath. Look at what they did to keep Forrest alive for the past 3 years, They technically have been BK for the past 3 yrs. and defrauded every shareholder the past 3 years to hide it.Including the spin off of BK Lone Pine that died BK 2yrs' after the IPO and now this fraud. Jail is in this group's future, you can't defraud people out of billions and get away with it unless your the government!
This is a walking dead stock that only the "inside" manipulators are involved. Retail ,not a chance in Hades- institutional "long gone". No "public new's" that from this group that they could be held accountable. Thieves and "criminals"- anyone here care to "factually" dispute!
Again, time to borrow another "Billion" and reduce that "float"! It's all in the math boy's, that's why "YOU" pay this team the "BIG" buck's. By the way, it's first grade math!