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Ecomike

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Ecomike

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Re: flipper4 post# 4278

Wednesday, 08/17/2011 12:11:59 PM

Wednesday, August 17, 2011 12:11:59 PM

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The 28 million was first used to pay off the borrowed money from Guggenheim, in full, on the 40 million dollar line of credit. It was about 10 million dollars (+/-) paid on the debt, paid in full, most of the rest, about 14 million went for the well, and some more to the leases.

Those are not exact numbers. They are in the S-4 and 10-Q, and 8-K filings at the SEC.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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