Cross Border Resources, Inc. (XBOR)

[Ed Ajootian]

seaoh, I think it would be a huge mistake to raise enough money to fund the entire '11 cap ex budget at this point. The stock price has been hammered pretty badly. A better move IMO would be to raise just enough money to get them through the summer, by which point they should be in a position to announce some pretty impressive drilling results. Then, if they haven't sold down more acreage by then, do another small raise at that point (hopefully at a higher price than the stock is now) to get them through the end of the year. I hope they continue to explore selling off some of their acreage.

Regarding your point about "valuing it at this point in time", if I could be so bold, I would suggest that you are playing in the wrong sandbox here with XBOR, and might be better served utilizing that approach on more mature companies.