Verde Science Inc. (VRCI)

[Tom Orrow]

Capistrano got pretty good terms @ 35% interest assuming the well hits. That multiplies up the $6.5M debt by $2.275M. They'll have to take on more to complete KMD, and more on top to start Elk Hills. Have to assume the same rates given the risks that are even higher now under that $10M load. But, what's the alternative? I'm betting Ramirez can pull off the high rate financing and won't have to issue equity. It's all good if they hit. If the wells are dry then we all knew what we were into. This is not a stock for nest eggs. IMO.

On OREO, do you know if Ramirez is still associated with Vollmers?