Cross Border Resources, Inc. (XBOR)

[boomer23]

LOL...So was selling assets at a $50mm valuation a bad deal for this alleged "scam"? Is raising $25mm in NON-DILUTIVE cash and no debt a bad thing in this market? We see "peers" of XBOR having nothing left to sell and forced to attempt extremely dilutive equity raises at all time lows. Do we know many "scams" able to sell assets at a $50mm valuation while trading at $8mm market cap? Just curious. I don't own XBOR after the triples and 5 baggers but we don't see many companies spend $25mm on "scams" at these low oil and gas prices. There has been nothing ever presented here to show XBOR is a scam except for wishful thinking that it was so. Alleging XBOR is a scam after all of these years has proven to be a liability. The stock has had 6x, 5x and now a 3x gain.

Hate to say it but $25mm in cash is $25mm in cash. I ain't buying the stock here and certainly don't recommend anybody else does without doing their own DD but it's obviously proven some that think it's a scam to be horribly wrong. $25mm in the bank will put off any talk of BK for years to come.