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tryoty

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tryoty

Re: ssc post# 7418

Friday, 02/19/2016 7:12:21 PM

Friday, February 19, 2016 7:12:21 PM

Post# of 18778
ssc, this scenario will not happen. Will NOT. Why?

Because it is mathematically impossible. They raised a paltry $2M by leveraging their $90M market cap and crushing it to just $900K.

With the market cap at $2.4M, the same ration would be to raise $53K only to end up with a market of $24,000.

Raising capital via toxic debt from this level to pay for more than lunch isn't feasible let alone paying for drilling.

Yet they bough the stock... there has to be another plan.

People maintain anonymity for a reason and it is rarely noble.

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