Monday, April 01, 2002 1:05:42 PM
Jack said we would break even down to mid
$2.00 BOE per day range and yet we burned an additional
$800,000+ loss in the high $2.00 to $3.00 range? Jack needs to get a grip and start generating cash. Additiional financing per PP will dillute my 600% loss even further...sounds Great! Buying down debt is great, I just don't wish to pay anymore for it. Time for managment consolidation and furlough uneccesary expensnes to generate a profit and pay off it's own debt. It's simple math revenues outweight expenses.
What's our return on assets negative 10%
Time to make a profit don't ya think!
STL
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