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Tuesday, June 26, 2012 1:06:45 PM
I feel like any dilution now will be minimal and hardly noticed by shareholders. It would likely be just enough to pay the bills for a few weeks, but I think if they got a loan to buy in for 10%, they may have gotten enough cash to cover expenses as well.
I think we will hear of drilling news soon. We were scheduled next for that rig, so unless they screwed us over by starting a new well with it on the same site, it will be on our site any time now, if not there already.
It could be there and they just haven't told us yet. They may wait for an actual spud event before making the announcement, just to make sure there's no delays due to equipment problems, storms or whatever.
I'm still adding, I think a penny will hold.
Dee
"It's not your thinking that makes you money, it's your sitting." - Jesse Livermore
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