InvestorsHub Logo
Followers 743
Posts 61822
Boards Moderated 10
Alias Born 10/05/2009

Re: flipper4 post# 4278

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

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

Post# of 6903
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!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.