And in recent times, he would be telling investors they lost millions, not just $1,000's. I would venture to say the costs to drill and of course TIV's "burn rate" is much higher & faster burned these days than it was over 10 years ago when the article was written, so millions are needed often. Case in point, the $30 MILLION "Raise" they are still working on to "retire vendor debt", among other things.
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