Questions for the board.
Why did cornell change their name or is it a subsidiary that is financing this round of convertible debentures?
Why this method of financing, especially after gas sales have
started?
If not enough sales to offset expenditures, then where is the reduction in expenditures? - in other words, why not live within your means?
Why the R/S and immediately afterwards, a convertible debenture
financing? This is a one two punch that has decimated any kind
of shareholder value.
Company officers have already had convertible debenture financing before - they know how it works and they know
this kind of financing is not called "toxic" financing without a reason.
Where is the fidicuary responsibility to shareholders?
if the company can't make it - then sell it, but if they do now, it's a fire sale and shareholder lose.
This R/S of 100 to 1 and a convertible debenture financing arrangement has sucked out any value for shareholders.
sarge
