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LouisDesyjr

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LouisDesyjr

Re: Timothy Smith post# 752

Tuesday, 10/13/2015 9:29:08 PM

Tuesday, October 13, 2015 9:29:08 PM

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Reduction in borrowing base is not good

I have not seen the details, but it would indicate that the assets are not there to allow the borrowing. I expect this is a sign that the company is heading into bankruptcy, especially with such a large decrease in assets, reflected in the decline in the borrowing base.

Louis J. Desy Jr.

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