Terax Energy (TEXG)

[rooktrader]

jendy, the dd i have on this co is a bit scary, so i'm out while watching and learning. i'm not a basher...i'm currently on the amep thread here and the one on the rb board.

anyways, recent evidence to support my info tie in with the rs that occured ....

look at the verbiage here: "....the Company sold to Westar 9% of its issued and outstanding common stock at a price of $0.21 per share; and (ii) provided that as of July 15, 2007, there shall not be any bankruptcy or insolvency proceeding against the Company, a second closing pursuant to which the Company will sell to Westar 46% of its issued and outstanding common stock at a price of $0.21 per share. Pursuant to the terms of the Agreement, at the initial closing",.....

ok, so there's a 10 day cooling period to conduct dd...

i would check on their liabilities. if you would like to find out more i would suggest calling co's in texas who provide support in the o & g biz from puchin' holes to bringing prod. to the mkt and doing some digging.