InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,482.87
(
0.09%
)
US TECH 100
19,304.80
(
0.47%
)
Dow Jones
39,164.06
(
0.09%
)
Brent Oil
85.64
(
0.26%
)
Bitcoin
61,728.32
(
0.19%
)
Post# of 18778
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

tryoty

Send PM Follow Ignore
Followers 54
Posts 11634
Boards Moderated 0
Alias Born 12/08/2004

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.

Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up