Friday October 21, 2016
The Hypocrisy of the liberal Media as Donald Trump blasts rigged election
Why Hillary Clinton Reminds me of an ex wife - debate three
Bring on an Asteroid Strike on Britain - Watching Loose Women


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Ruspetro – Farce Turns to Tragedy as refinancing “postponed”

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- Tom Winnifrith

Russian Oil producer Ruspetro (RPO) has served up another shocking statement this morning – its habit of delivering nasty surprises does not change. Having advised a short at 83.5p on January 4th I suggested on 25th of January that having refinanced its debt it was “merely one to avoid.” The shock today is that it has decided not to refinance its debt or to undertake the partial debt for equity swap announced on January 25th. This leaves its cash position looking very tricky indeed and at 50.5p the shares are once again a sell.

The announcement today is brief but shocking none the less. It reads:

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