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Re: cl001 post# 8185

Monday, 02/14/2011 11:52:03 PM

Monday, February 14, 2011 11:52:03 PM

Post# of 17741
POE - surprised to see such a large cash raise. What happened? Where did all their cash go? And why not arrange an asset backed debt facility rather than diluting at such large discount to NAV? And why didn't the sell Andora months ago to avoid this dilution??

With such pathetic production, seems like they were caught with their pants down and equity was the only near term solution...
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