Replies to post #7813 on Addax Petroleum (fka AXC)

[oil-cowboy]

CDs are not a viable option anymore... They know this.

We need oil, that's it that's all.

[Julius Erving]

The only question is will they issue more convertible debt to fund drilling and pay the IRS?

Don't you agree with Strategy:

The good news is that this tax audit/lien issue is exactly that, a sideline and long developing or unfolding issue regarding something from 2006 which is not the underlying business of ERHE. It looks to be an argument over how ERHE wanted to offset some expenses to the cash they received from the JDZ.