Thursday, April 30, 2015 2:19:10 PM
Yep...looks like they avoided BK and raised $25mm without issuing a share or taking on any new debt. Sounds like a great deal considering they could never drill 100% of what they owned anyway. At least people that own this stock can take comfort in knowing they got paid a $50mm market cap for 50% in this market. Sounds like a great deal instead of having already sold EVERYTHING of value to avoid bankruptcy and having to seek "blood" money at all time lows wiping out every shareholder with dilution like the peers.
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