That’s 3 months below a dollar. Will there even be any money left for redundancy?
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They won’t be delisted. They will do a reverse stock split of 20+ to 1 shares then reflect a stock price of 14+ per share. This will last them another year, then chapter 11 and refinancing of debt at which point Halliburton swoop in and take what they want.
Read the comments on the WFT Yahoo Finance page. It's under the 'conversations' tab. The comments are a hoot! People actually think this is a diamond in the rough company and are scooping up shares in the thousands. Of course, there is no way to verify any of the comments, but, if you are in a bad mood, check it out for a good, hearty laugh!
Stock dropping like a turd today. Now at $0.67
Per the K...if delisted they would instantly owe $1.125 billion + interest due to the “fundamental change” clause in the exchangeable note agreements. Obviously the shareholders would have to envoke that clause. No way WFT has that in cash and doubt with their leverage issues they could get more financing for that amount. Can you imagine going to the market asking for $1.5 billion with a delisted stock?
Lucky for you for taking the forklift home lol...i was able to snag one of the thousands of office chairs they ordered and didn't use and a stapler. :)
If the de-listing is anything like anythingwft does it won't happen. They will have meetings about meetings and spreadsheets galore and still have no results. I think the delisting needs to happen to get rid of the pl ops managers and area ops managers when they essentially are doing the same job. Focus on the field and ask them to solve the problems and it will get solved. Anyone with manager in their title is full of sh##. Delist away!
There is a lot of people on here who should just tender their resignation and move on. If they are that much better than WFT then they should have no problem getting a new job!
Why is it that BHGE, SLB, HAL and NOV’s stock are all up today and yet WFT’s is down?
It’s not pigs, it’s not chicken, it’s not lamb so it must be the usual corporate smoke & mirrrors BS. Tell Wall Street what it wants to hear, save your backside and pocket the bonus before you move on to BHGE, Slum or Hal. Take your makes with you and leave a trail of destruction behind you as parade at the Oil Barons Ball.
Didn't the ceo say don't look at stock price because thats how outside sees us, but we know we're better. But when stock shot up, they said to look at stock to show how good we were doing. Kinda wishy washy don't you think?
LOL pink unicorns....too funny
And pink unicorns will again roam the earth laden with gold. Better spending you cents on palaliative care and put a “not for resuscitation” rag in the notes.
But it’s like 80 cents and it came back from 25 cents, and 80 cents is basically a dollar so everything should be okie dokie nothing to see here and stop the fear mongering. No need to delist. If our employees would step up and start buying shares at a buck, the prove would rise and we wouldn’t need to spend money to do a reverse stock split. Sunny skies until the year end report.
I hope so too, then they can s..tcan this train wreck once and for all. I’ve put too much hard time in to walk away empty handed.
Hope so, that’s what we’re all hanging on for.