GulfSlope Energy Inc (GSPE)

[swim3]

With all that said, GSPE has some serious debt (albeit all owed to their CEO). If they are looking into buying up more property they must have a plan to cover some short term liabilities. I am wondering what they will decide to do with the Canoe site. Does it make the most sense for them to sell the production operation to someone else in order to make quick liquidation or for management to keep the debt and produce themselves to develop some sort of steady cash flow? If they go the second route I am assuming that they will likely take on some sort of dilution just to keep the train moving for another 6 months.