Yup looks like your right. The fact the company hasn't even updated shareholders on the deal with WRES is a bad sign. Glad i've been watching this one from the sidelines versus buying in.
They finally filed CH 11. I think its a good thing because it takes control away from management who put the company in this position in the first place. I don't think the price will fall much lower then where its at now.
IMO this turns out better for the company. And we see a PPS rise over time from where we are now. Hopefully they get acquired and the filing of CH11 signals acquisition opportunity to other companies
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