Escalera Resources Co. (fka ESCRQ)

[ash111]

Nice buys.next week could be epic,finger crossed.im going thru form 10Q and i don't see any reason for chapter 11.i can see a reason for this to trade over $2 PPS,

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10863878

TOTAL ASSETS $ 97,710
TOTAL LIABILITIES 67,708

it means,NET ASSETS = $30M
Cash and cash equivalents $ 3,385

Market value is only $1.5M, do the math.

and it dosn't include more $10m(will be reflected on the Q3) in cash per this:

."On July 31, 2015, the Company completed the sale of its interests in the Mesa Units , located on the Pinedale
Anticline in southwestern Wyoming , to Vanguard Operating, LLC (the “Buyer”), an unaffiliated entity. The
cash purchase price was $12.0 million, subject to closing and post-closing adjustments"