"So they've raised about $40mm over the time period to ...
... generate $2.7mm in additional book value. Thats hardly a record worth banking on. So where did all that money go? Well accumulated deficit (i.e. losses) went from $6.5mm to $47.0mm. They lost it all."
That's amazing.
Are they recording a book value of all the 'infrastructure' they have claimed to put in? All the additional steaming capacity, pipeline(s?), holding tanks, more wells, more ... infrastructure?
All of that is only worth $2.7MM?
Man, they really are going to have to show some production, if everything they've done is only worth 3 mill, is anyone going to come along and buy it from them, or buy TIV, at anything worthwhile to shareholders?
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
