vaseline

2870 days ago

Xcite Energy admits shareholders will get totally rogered by bond holders, Justine tell the morons what to buy

Xcite Energy (XEL) the drowning in debt North Sea wannabee has announced that bondholders are to meet on June 30th - the day the $139 million bonds were due to be repaid - to agree to a rollover. But there is an admission, and for shareholders it meets get out the vaseline...you are going to get shafted badly. Its now official.

---