They have also burned through 50 million in cash, with no visible means of staying alive through drilling, or paying for that drilling. High risk, high reward........easy to say, but hard to really understand the odds until it is too late. More people continue to believe that, since they are "investing" in a company the odds are better than buying a lotto ticket. And the market makers, and penny ceo's love it. Not to mention the money behind the scenes, the people providing the upfront money for the convertibles........
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