Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Caza Oil & Gas (CAZA) has today stated that it is “pleased” to have secured a $4.3 million convertible loan from Death spiral provider Yorkville. Bollocks. At all levels. It is pleased in the same way that you are “pleased” to pay a speeding fine. Caza has no choice.
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