Replies to post #777 on Emerald Oil, Inc. (EOXLQ)

[LouisDesyjr]

Unfortunately yes.

While I can't tell exactly, I assume the company must be bad off if they need a DIP financing for the small amount of $20 million. It sounds like they have run out of all of their cash and have no other way to continue operations.

Louis J. Desy Jr.

[gm99]

EOX was $0.50 in Feb and was pumped to $1.4 for Dumping as they might have know the Bankruptcy coming. Now shares are worthless and will be Cancelled.

Its losses were too Vast: $330 Million. The company might be closed soon as they can't continue.