View
Page
Still believe this is all pending a Sequa Buyout of Landsdowne prior to a Farm Out. Difficult to know what funds are available to Sequa. It appears after discussing with some fellow board members that US$126m of the Bonds were issued to roll over exist Loan (not sure how much of this was actually spent) US$95.6m are presently being offered to investors outside USA and any of these Bonds not sold will be cancelled following a period of 6 weeks, US$75m was paid to Sequa Petroleum and additionally Sapinda Asia has agreed to subscribe for US$62.5m of additional Ordinary Shares in Sequa Petroleum NV. So it is all up in the air still. Believe though Share Price will surge upon news. This share is way undervalued for many reasons as we all know
Latest from the Community...
Latest from the Community...
Latest from the Community...
