I can't believe EOX got themselves in such a position
I almost bought some EOX several months after they did the reverse split a number of months ago. Some articles seemed to indicate that things had changed for the company and were going to get better.
I am glad that I didn't trust such a view after a reverse split with what happened. I also can't believe how companies kept lending to companies like EOX and never letting any profit build up. It is as though everyone thought that nothing would ever go wrong with the price of oil.
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