So do you, or anyone, have any thoughts on how the funding will be handled as they get closer to spud date?
I know they want to keep offerings open as long as possible to raise as much cash as possible to preserve the company's share of the concession. At a certain point after the well is spud you get into shady area of selling shares while holding non-public information. I presume offerings will be cut off when well is spud. (this time)
To take it a step further. Since Ray has publicly stated that this well is the company's only shot at continuing operations, could any well related events now be considered material information? Shouldn't the amount of the concession retained after funding efforts end be considered material?
Just thinking aloud as we watch...
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