4 ms·
The producers should tell the financial community "We're destroying value by continuing to pump. We're essentially bankrupt at these prices." Then convert all t
by nroets 7y ago
The producers should tell the financial community "We're destroying value by continuing to pump. We're essentially bankrupt at these prices." Then convert all their debt into equity at $0.000001 per share. Then go into care and maintenance and wait things out.
Or is the financial system inefficient ?
- somurzakov 7y agothey would lose the ownership of their companies in this case. it will be up to new owners - to wait things out - or to sell-off the equipment and licenses to somebody else