Bakken Resources (fka BKKN)

[LouisDesyjr]

Something seems wrong with the reporting

Something seems 'not right' with the reporting.

The company reports that have over $3 million in cash, but they make a deal to turn control of the company over to another company for only a million in credit, plus with oil and gas prices near decade lows within the last few years, they only spend a few hundred thousand on new rights or land?

I question if the company really has the cash on hand that they claim in the reports, since why would the company make a deal for the credit line, while they only are spending about 10% of what they report on what appears to be a mostly nothing new oil/gas rights.

They needed more credit to buy something they could have paid for a small percentage of reported out of cash on hand?

Plus with oil/gas prices down, they appear to be doing mostly nothing. What, are they waiting for oil/gas prices to spike so they can pay top dollar for additional oil/gas rights?

Louis J. Desy Jr.