Yes they do. Mercer Gold and staff are in big trouble, and need cash to pay lawyers and Pierce has a new $2 million dollar fine with SEC to pay, which is probably why he forced MNLU to sell the Louisiana assets for 10 cents on the dollar 3-4 months ago, just so MNLU could pay them 1/4 of the $2 million (now 1.5 million still owed) MNLU owes Pierce. MNLU has about another 3-4 million in debt to suppliers, with liens and court judgments on the BP #1 well.
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