I like what jt said: "The filing very clearly explains XTOG sold some assets which gives them a few million in cash, in addition to a constant, guaranteed income WITH NO DEBT If Torchlight exercises their option it's game over. XTOG will be trading dollars. This is something to gloat over as a bad thing? Absolutely not.
Again, I'm amazed a company reporting they sold some assets for millions in CASH, and now THEY HAVE NO DEBT, mixed with a 12% ROYALTY payment & if Torchlight consummates the rest of the agreement it's another $5M, making XTOG worth over $11 million liquid with income producing properties and no debt as a bad thing? OK."
I fully agree!
