FWIY, AEXP has book value of 6 cents per share, also known as stock holders equity per share. It has very little debt, far less debt than MNLU at the moment, fewer shares outstanding than MNLU, and far fewer shares than MNLU post pending dilution of the current private offering of MNLU.
Today's shares of AEXP are selling for 1/2 of book value, and they own a piece of what ever happens to the BP#1 well, and they own the leases to a lot of the acreage in the BP#1 well area.
Just for the sake of argument, if MNLU failed to raise the needed cash, and did a bankruptcy trip, I would rather be holding AEXP shares! If MNLU raises the cash, then it may not matter in the end which shares you owned.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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