InvestorsHub Logo
Followers 16
Posts 4167
Boards Moderated 0
Alias Born 05/15/2006

Re: boomer23 post# 10100

Tuesday, 05/26/2015 7:45:04 PM

Tuesday, May 26, 2015 7:45:04 PM

Post# of 11618
People should do their own DD on this company, the claims of cash here and not be mislead into thinking there is $9.6mm in cash available to this company. There have been no financials in 2015 and we have absolutely no reason to think there is any cash even left (outside of the restricted cash) given the historical burn rate.

There is virtually no production left now and oil is $58/barrel. Rest assured there is much less left here now that everything of value has been sold and there was never anything here to begin with!!

99% losses and now nothing left. This company will not exist in it's current form by year end.