I usually low-ball so as to not be dissapointed and attempt to valuate from a base perspective. The mud pumps are now a part of their past. I would be satisfied if this deal eliminates or comes close to eliminating liabilities, and evens the balance sheet. As of last 10Q liabilities outweighed assets by 1.3 million.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.