probably a catch 22. They can probably see into 2008 that they need a financing to fund their drill program. If they have to issue at .25, there will be a lot of dilution.
Diaz is well funded so they can afford to help Sharon out here and are probably hoping they don't have to spend that much to get the stock back to life. Maybe the funding is coming before the new wells will help the share price so they need this mechanism to prop up the price before the cashflow comes in.
It's a plus for holders. We'll see if they are successful in boosting the price. Sharon has potential but isn't a bargain based on cashflow or profits. Anyone paying up is going after the well inventory. Bobwins
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
