They PR'd about a $20 million LOC. but never filed an SEC 8-K to that effect so I'm skeptical that the PR is truthful. Why would any lender on the planet provide a $20 Million LOC to a company that has no collateral and the capital is going to be used in perhaps the riskiest business there is, oil exploration. IMO its just not the least bit plausible.
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.