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Arcan Resources Ltd V.ARN

Sector: Energy | Sub-Sector: Oil & Gas E&P
Alternate Symbol(s):  V.ARN.DB | V.ARN.DB.B | ARNBF

Arcan Resources, Ltd. is engaged in the exploration for, development and production of oil and natural gas. The Company currently has two operating segments including exploration and production and pumping and stimulation.
Price: $0.22 | Change: $-0.005 | %Change: -2.22%
Volume: 176,758 | Day High/Low: 0.23/0.22 | 52 Week High/Low: 0.91/0.22


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0 stars

Spending money without a care in the world if it makes

sense/cents or not! Are they serious? "Arcan has identified employee retention as a key risk in its ability to retain and develop highly skilled individuals and key management employees. In August...read more
3 stars

Toast!

That is what you got here! The debs are coming due, oh, oh! Where in the world will they get the money for that? They lose money qtr aft qtr. Their cash flow is just enough to stay in operation. They...read more
5 stars

RE:RE:RE:I finally found the actual vote tally

Come on - the banks are only a small part of this problem - ARN is really at the whim of this managment who have managed to snatch disaster out of mouth of  success. The share price was slowly showing...read more
0 stars

RE:RE:I finally found the actual vote tally

"Who will run the company if the Board resigns?" Really - I'll bet if they put a advert out and they will be swamped with talented people wanting well paid jobs and a chance to make some great bonuses...read more
0 stars

RE:RE:I finally found the actual vote tally

barneymillar,  ARN now operates at the whim of the banks.  rate and reply
0 stars

RE:I finally found the actual vote tally

You do not seem to understand the transaction that was proposed. Aspenleaf made this proposal, not Arcan. Arcan's board negotiated the best deal that they could( I assume) and then presented it to the...read more
0 stars

RE:RE:Arcan and the banks

I believe that LTS or CPG will buy soon what is left for pennies.  rate and reply
5 stars

I finally found the actual vote tally

Vote outcome: a definite no. 58% of shareholders, 55% of 2016 debentureholders, and 60% of 2018 debentureholders opposed the arrangement. It is incredible that they did not even get a majority vote...read more
0 stars

RE:RE:RE:RE:What a JOKE!

Barney Millar has ordered the medals for them - from his profits - hopfully he didn't puke over all the money he made from Arcan -  however it wouldn't take much  puke to cover the 2 cents, which is...read more
0 stars

RE:RE:RE:What a JOKE!

Indeed, what a joke and complacency of shareholders!  I mean whoever individual or group that has run this company into the ground and got away with it as if nothing happened. Shouldn't their deeds be...read more
0 stars

RE:RE:What a JOKE!

Well your boys have done an awesome job! maybe you will be congratulating them when the share hits 1 cent  rate and reply
0 stars

RE:Arcan and the banks

jbsbill wrote: I have watched Arcan for years - made a couple bucks in the good old days, lost a couple a little later when I didn't think it could go lower, but it did. But for the last 9 months or...read more
0 stars

RE:RE:What a JOKE!

Thank you but I am certain of one thing and that this Board and management's priority is taking care of themselves and they will never put the shareholders interest above their own.  It appears that...read more
0 stars

Arcan and the banks

I have watched Arcan for years - made a couple bucks in the good old days, lost a couple a little later when I didn't think it could go lower, but it did. But for the last 9 months or so, it has...read more
0 stars

RE:What a JOKE!

hardeehar, BWJohn and seriousinvest please offer yourselves a Board members. I cannot believe that ARN would not be imnterested in such sophisticated, knowledgable investors as yourselves to guide...read more
5 stars

What a JOKE!

Not only did shareholders lose all the momentum in the stock prior to announcing the 'Strategic Restructuring',  Arcan management has - in their vain attempt to sell the deal - admitted that the...read more
0 stars

RE:Anyone going to the meeting?

Well the outcome was as I expected - and yes I did write my letter to the top brass - here is part of it: "My view (and opinion) on this whole fiasco is that its time for some new management! This...read more
0 stars

RE:RE:RE:RE:the bank calls the shots now.....

CPG will eventually get involved if there is value in their opinion  rate and reply
0 stars

RE:RE:RE:the bank calls the shots now.....

teevee wrote: if the banks are content to renew the LOC, then debenture holders can look forward to being paid with stock at market prices. I doubt debenture holders  will like that, resulting in a...read more
0 stars

RE:RE:the bank calls the shots now.....

he is probably a short seller loosing ground...  rate and reply