Wednesday, September 13, 2017 12:13:10 PM
"On March 31, 2017 we had $0.6 million in cash, and $2.2 million in accounts payable and accrued expense liabilities, all of which are current liabilities. Our net working capital will not be sufficient to meet our corporate needs and Concession related activities for the quarter ending June 30, 2017. "
Anyone who followed this stock knows they were supposed to spud the well in May. They had to delay multiple times due to their inability to raise sufficient cash to cover their portion of the total costs. They continued to operate on a shoestring budget right up to the end of drilling. To think anything of significance is left over is nothing but speculation. Speculation grounded in a complete denial of the ongoing financial dilemma they have been facing constantly over the past 6 months.
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