Replies to post #3878 on GulfSlope Energy Inc (GSPE)

[spec machine]

Part of the insurance, yes

Redrill Tau? They opted for a cash settlement instead of the insurance paying directly for a redrill but it does not infer one way or the other on future drilling campaign

As I had mentioned earlier, I expected movement about now and I don’t think a Tau2 is their only option going forward

Jack be nimble, Jack be quick
Smart folks know, spec knows his s—t

spec

[spec machine]

Also, I’ll be checking frequently to see if and when there is any conversion as it would mean an additional ~40M shares available (likely through Citadel) in the near future

With 50M warrants @.02 it’s almost a given that they’ll convert all or park of the $300k

That’s some significant overhang

spec