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Old 2nd Feb 2016, 09:10
  #332 (permalink)  
rotor-rooter
 
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The stock price is a relatively irrelevant piece of information, based upon the small percentage of the company that is actually owned by these stockholders.

The questions are more focused on the fundamentals of the business, which are quite apparent in each round of financials produced by the organization. It has been haemorrhaging cash for a long time, and while costs are being cut, revenue may be in decline as well, in parallel with the general global oil price collapse.

This is exacerbating the challenges of a successful turn around, which is painful enough, and a horrible situation for a business and it's employees. When you couple a distressed organization with a volatile core business environment and hungry competitors, all bets are off. When you add a global customer base who are already in a bad situation of their own, and looking to aggressively cut costs, adjust or terminate contracts, then there is an entire new dimension.

And perhaps the final unknown might be the reorganization laws for the various entities and businesses within the group? Would this now be under a Canadian, US, Cayman or some other, jurisdiction?
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