I still believe AEXP may be the safer buy of the two merger companies, almost no debt, part owner of the BP#1 well with Guggenheim who is also an 8% owner, no secured dept insider issues like MNLU has......and so on. And we had multiple insider retail share buys of AEXP this year, with no insider buys at MNLU this year (IIRC).
Frankly, If I was JV potential partner, I would move the cash into AEXP, let AEXP buy MNLU at a fire sale, then complete the well, but I am just tossing out wild speculation there, may be too much paper work and expense to do that.......
I just hope we get this done before flood season returns, and we spend another year bleeding.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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