I wouldn't count on any increases there to effect the bottom line. LA is a thing of the past and I suspect we have not heard anythign because of the fear in the oil markets. Everything was rosy just a month ago and now oil majors selling off assets. Armada was trying to acquire properties and raise capital...there is no way that can happen at this time without taking a big hit on equity or high borrowing costs. I think they are waiting it out. My recommendation to managemetn would be right now is to cut their salaries to break even with small production revenue until they come up with a plan to profitability....
Message to Randy Griffin: Please coordinate a temporary salary suspension with management to offset the reduction in revenue until new revenue ramps up. I know you have done this in the past and i appreciate your vested interest.
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