Once again from the latest 10Q
Oh and the last pump job over a dollar was a joke.. So, dont try and say MNLU would have diluted then when it was over a buck because it was only that high for 2 days..lol
DILUTION is Imminent!
Additional funding will be required to complete our 2011 operations program and to complete the merger with American Exploration.
We have no lines of credit or other bank financing arrangements.
We believe that debt financing will not be available to us, and that we will have to continue to rely on equity financing, the availability of which cannot be assured or, if available, may result in substantial dilution to our existing stockholders. Alternatively, we may be required to finance additional exploration work and, if merited, future development work on our oil and gas properties by offering interests in such properties to one or more third parties, on an earn-in basis.
