Aspen Group Resources (ASRPF)

[Amaunet]

STL, nah, bankruptcy would probably mean for certain our being delisted from the TSE which would make it more difficult for the company to raise cash through future stock offerings. That is too illogical a move at this time. Following is an extremely strong statement from Erroll Davis reiterating just how bad the financial environment is for the broad energy industry which is suffering from the fallout of a confidence crisis spurred by the bankruptcy of once-giant Enron Corp.


“This is the absolute worst financial environment I've seen in 25 years. Liquidity is drying up, access to capital is drying up, and a number of companies are having difficulty rolling over credit lines." Erroll Davis, chairman of EEI and chairman of Alliant Energy Corp. (NYSE:LNT - News).


Big deal, nothing the Company has done lately seems logical to us anyway and it is anybody’s guess how long we will be listed on the TSE at the rate we have been going. Still bankruptcy is just not logical even for an illogical company. Could they have possibly made that many bad moves since our last quarterly? Probably not to the point where some of Jack’s friends can’t bail him out. IMO Am



Excerpt from:


Reuters Company News
U.S. energy industry rewrites accounting rules
Friday September 13, 4:48 pm ET

By Chris Baltimore