InvestorsHub Logo
Followers 509
Posts 9867
Boards Moderated 1
Alias Born 03/28/2012

Re: mayvid post# 1020

Monday, 07/22/2013 9:09:46 PM

Monday, July 22, 2013 9:09:46 PM

Post# of 1332
This company now has no debt with millions in the bank and 12% income coming in monthly while someone else is footing the drilling bill! I can't think of a single negative that's based on truth.

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![quote/]


Join InvestorsHub

Join the InvestorsHub Community

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.