http://www.newyorkshockexchange.com/content/view/895/37/
4 replies (most recent on top)
I don't believe there is any way out of the mess WTF has created, even if oil goes back to $100 dollars, the hole is too deep, getting deeper, what happened to all the profits from when it was good, wasteful spending and bad decision making not to mention fraud, bribary, fines, scandals and worst of all unsatisfied customers, people are sick of the "show" , too many trucks and people for every job.
BDD and his cronies must see the writing on the wall so why are they spinning it like everything is going to be ok, they are setting up their exit strategy with the banks to get as much as they can out before it's too late. After the inevitable happens and you look back, you will see all the signs were there, you just wanted to believe them.
Exactly, the top guys are checking their parachutes (including JP )before they jump out of the plane leaving all the others on the plane
because when wft collapses as a company they will lose a lot more. What choice did they have?
But only delaying the inevitable -
They made 3% on the offering