Good news! We are going to merge, turns out it is easier to merge with Technip since most of the leadership came from there and the COO already has all of the strategy on his google drive.
15 replies (most recent on top)
Is this a fire "drill" or a real fire alarm? Are we conserving cash so we can pay the people who can shut us down, just a temporary cash flow issue, or are we not paying people because we really don't have any money? Are trying to avoid going bankrupt or are we effectively bankrupt already?
Stock is trading less than liquidation value. I fear the worst is upon us. Anyone know the truth?
Y’all are nuts, we’re going down in flames!
We can’t pay any of our suppliers/subcontractors/anyone unless they’re on the “critical list”. Get real people! This a FIRE DRILL!
it is torture to watch the value decline so rapidly. Plus MDR is known for their layoffs around the holidays. I would say those in the know are aware of the announcement coming on the 7th of Nov. Also with the fatally at our Freeport project yesterday that is not going help.
The stock price reflects the financial communities confidence in us. Its harder to win big projects if we're projecting financial weakness. Might be a death spiral if the stock keeps going down. At the very least, it means more cuts.
Don't mistake silence for weakness.
Can’t split the company. Who’s going to take on the liabilities from the big money losing LNG projects? Lummus, piping and tanks would fetch a nice price, but that would gut the competitiveness of the project business.
Need to close out those LNG projects before the cash flow turns. Although the stock is acting like chapter 11 is around the corner. DD has been invisible too.
Split the company by selling pieces, maybe. By undoing merger, no, fraudulent transfer.
Jizztrumpet
Bankruptcy? Look for the company to split, cash flow is about to run dry and then your using revolving credit to keep the lights on and pray for large awards to be able to make the interest payments. Nothing changed from execution and management point when the merger went through. We still fundamentally operate the same as before but with much more debt. CB&I just burnt through your cash and now will do the same with your credit. When you are revenue driven at some point you have to pay the bill........but this time its being paid on our backs.
Dream on. SUBC wanted us only if we didn't buy CBI, if only we listened. Who wants to buy "A New Kind of Company" now? A merger would be part of a bankruptcy plan. But if there was a merger coming, the retention bonus money would be flowing, execs would be staying to get us through it. Signs are wrong, bankruptcy but no merger.
Shaw, CBI, McDermott. Who wouldn't to be the NEXT domino to fall?
This is total BS by some troll. You got real information start Naming names otherwise stfu or bad things just might happen
Subsea 7 making a move to takeover after the quarterlies. Once the stock gets closer to $10 a share which is very well possible due to one of our primary customers being sanctioned for killing that journalist.
Wait till they announce the new work schedule. Half days fridays. Then start scheduling mandatory meetings on Friday at 3:00.
Im sick of this. I bet this is from one of those lazy middle managers from CB&I! That mf'r doesnt respect bluejeans Friday!!!