Escalera Resources Co. (fka ESCRQ)

[ash111]

I can see a reason for this to trade over $2 PPS, Total liabilities ( including st+Lt are 67m).somebody mentioned they removed lt liabilities into the st liabilities,this is not true.the balance sheet always include st+lt under total liabilities.actually the balance sheet very solid due to total assets/debt ratio way over 1. $97m-$67m= $30m net assets vs 1.5m cap!!

$30m Net assets/14m o/s= $2+ PPS! (add more $12m in cash and it's almost $3 PPS).

check it out "LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY" "about the same as a year ago.even lower!!
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 this dosn't include more $12m(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"