ReoStar Energy Corp (REOS): $REOS - If we get more "news", we'll...

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ToucanYoucan

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Thursday, 10/13/2022 10:40:52 AM

Thursday, October 13, 2022 10:40:52 AM

$REOS - If we get more "news", we'll be below a penny! lol
But, seriously, it's just a LOI, so we'll see what happens.
If they are trying to put together a portfolio, it's actually a good idea to start out with some solid companies that have been around a while and produce some steady cash flow.
Or, put another way, you don't want to start out by acquiring a business that will suck cash out the company.
Remember, REOS has a totally clean balance sheet after the bankruptcy was administered for many years and finally discharged. The Balance sheet was basically zeroed out.

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