InvestorsHub Logo
Followers 22
Posts 3532
Boards Moderated 0
Alias Born 06/26/2006

Re: Krombacher post# 303087

Friday, 05/15/2015 11:01:14 PM

Friday, May 15, 2015 11:01:14 PM

Post# of 361601
Perhaps, the general and admin , which is the salary category was shifted to interest, by borrowing money for salary, rather than cash.

Further, this 10Q is reflecting prior months, months, in which the 100miliion share days, of which there are several, was not accounted for.

If the cash burn is now a technical $550 k per quarter, than ,in order to get to drilling requires a current bare minimum of $1.75 million, of which we don't have,of course.

PN is playing the time game vs the money game. He will do whatever is necessary to et to drilling by whatever means necessary. He hopes the new developments in the EEZ will lead to a farm in, probably even relying on it,expending whatever available resources toward that objective.