Oh good then they will create on big azss BK. Where do you come up with this junk. I really hope no one believes in what you are actually saying here. As you pumped this POS on the POS LINN board. This language by SDOC is so much like LINNs releases it isn't funny and your pumping is so much like the rose colored glass wearers on the LINN board. #$%$ you tr to convince others that this company will actually make it.
Should be hogshooter dry well, showing that LINN was NO developer of property and the fact that they #$%$ away millions upon millions on trying to become a oil producer. Oh so many signs and oh so many rose colored glasses.
First set of facts SEC and barrons about LINNs put buying. Secondly the BRY deal that LINN over payed for and all the great oil propery they sold off and exchanged for what turned out to be higher decline wells of NG. Hugoton well failures.
Then falling from the high 20's into the mid teens was another hint. Then as LINN kept falling all the pumpers came out saying buy that was another great hint as LINN kept falling to 10 and lower as people kept buying LINNs fairy tails and those really bad ER"S that kept saying we are trying to stay within our cash flow month to month. What did you need a hammer to hit you on the head as a wake up call. That statement alone told you that lINN was in money crunch mode. Geeesh GL
Did you not understand what the release said. All LNCO anfdBRY shares will be disqualified, gone, finished kapoot. LNCO for LINN was a last ditch effort that failed.
What are you going to do. You actually supported this gang of thieves by averaging down as you confessed to the board while along claiming they were crooks, You got your just reward. You won't be able to do anything to Ellis and company. As was noted your calls against LINN were 100% correct as your long calls for LINN were just 0% correct. Goskiing99 the idiot that kept averaging down while saying LINN was going under.
It is all in the name of me not we,,,,,,,,,,,,,,,,,,,,But you can always buy back maybe down the road into his scam.. He is going on the premise as they did in the ER's please forgive us and give us here the benefit of the doubt as you always have in the past.
Indeed, when SandRidge ultimately filed its 10-K with the Securities and Exchange Commission on March 30, the company said it retained advisors to help it assess "strategic alternatives," which could include a "private restructuring or reorganization under Chapter 11 of the Bankruptcy Code."
Just because they filed BK doesn't mean that the COD and K-1's will be removed/changed. Remember they did that debt exchange way before BK and the K-1's for tax season, that were issued to holders of LINN..
Here is the problem social media is everywhere verses the past. therefore generations are more in the news then we were in the past.
Because LINN finally realized that the cash will be gone. And the scam of trading LINN units for LNCO didn't work. As they actually claimed in a release that the unit exchange was successful/ a success with only 29% of units being exchanged for LNCO shares. They have scammed investors with so many false words and interpretations of what they considered a success. And actually extended the deadline of the exchange only to come out and say now that existing equity of LNCO and related companies will be wiped out. What do you need a building to fall on your head as a sign that LINN is done.
No new equity coming anytime soon. They can still trade under BK but for how long is the question and who would buy thos mess with CODI still pending. GL
Hey real i have read your ninsense on your SDOC board and cube is correct. The wording that SDOC is using is the same wording/statements that LINN used as they were getting ready to go BK. I say you are a pumper and have lost a lot on your SDOC investment. Or you ust invested in SDOC and are pumping it to raise the price so you can get out while leaving others to die under SDOC. Again cube has SDOC pegged. Restructuring as SDOC said they are trying to do translates to BKKKKKKKKKKKK just as LINN used the restructure word till they finally filed BKKKKKKKKKKKK.
Again classification is ridiculous as you now say not every and ell basiclly said all millennials. Ever think that certain areas are worse then other areas in our country as is with all genertions. I know many many parents of millennials that are just the opposite that their kids are working 3 jobs to save cash and are putting it away. To much news watching is bad for your health.
What i can't believe is that many here were pumping the trade of LINNs units for LNCO thinking that LNCO wouldn't go BK if they did the exchange and now this CODI expense. LINN really did their investors a great deal. And now another new scam with BRY which actually was LINNs demise because this BOD over paid for that company way back when.
El, you shouldn't say the generation as a whole. I know many millennials that are just the opposite of what you say. You shouldn't be Throwing every millennial under the bus as this only shows shallow thinking on your part.GLTU
Funny how you gave yourself credit for calling BK on LINN when for 2+ years it has been noted that LINN was facing BK. 1 week verses 2+ years. Nice pile on for the 1 week call you gave yourself credit for.
LINN wants to make another go at it. This is why they retained the assets and sold the hedges. Or at least LINN wants to make investors believe that they will tah-da come back.;0(ing
n its bankruptcy filing, Linn listed total debts of nearly $8.28 billion and total assets of more than $11.61 billion. That's the most debt of any upstream energy company that has filed for bankruptcy in North America in 2016, according to data from Haynes & Boone.
Linn expects its operations to continue as usual throughout the bankruptcy process. It also expects to continue to pay employee wages and provide health care and other benefits, as well as pay suppliers and vendors in full and under normal terms.
However, Linn does not plan to seek debtor-in-possession financing because it expects that its available cash likely will be sufficient to support the business during the restructuring.
Linn, LinnCo LLC (Nasdaq: LNCO) and Berry Petroleum Company LLC reached the restructuring support agreement with first lien lenders. The agreement includes a new Linn $2.2 billion reserve-based and term loan credit facility, using Linn’s and Berry’s cash collateral to fund the Chapter 11 cases and the broad terms of a comprehensive restructuring of the company’s indebtedness.
“After our review of the available options, with the assistance of our financial and legal advisers, we determined that this court supervised financial restructuring process is the best course of action for the company and our stakeholders,” Mark Ellis, chairman, president and CEO of Linn, said in the company’s statement. “Like many others in our industry, Linn has been impacted by continued low commodity prices. We believe that these steps will provide us the financial flexibility to successfully manage in the current commodity price environment and, when combined with constructive agreements with our remaining creditors and potential third party financing, will provide a platform for future growth.”
Right back at you 'It's been fun pulling your monkey tail. Appreciate all the good times at YOUR expense'.
as i am oh so sorry as you lost so much on the SP and with this still on going tax bill. [NOT, you #$%$ fool of fools. Your friend Henry Ford DOD FBI CDC NCIS oh and the bounty hunter routine which was hilarious.