Replies to post #779 on Abraxas Petroleum Corp (fka AXAS)

[littlejohn]

AXAS will dilute 33 million shares at .01

via warrants issued in filing

posted about Friday 08/21/20...


Additionally, Abraxas failed
to maintain the required hedges
under the 2L

from 8k filing link...06/25/20
https://www.otcmarkets.com/filing/html?id=14240586&guid=if46UKDt7oA_0Mh


8k filing about warrants...08/11/20

https://www.otcmarkets.com/filing/html?id=14330036&guid=if46UaseQ93MgMh#EX_199019_HTM


Friday closing price at .176

is over 17 times higher than

the lender is paying for shares...


They can afford to take a

little less to sell shares...

Public shareholders don't have

that big, comfy cushion...


When they do a split isn't

the biggest question...


Why did shareholders get diluted

for failure to maintain adequate

hedges after the company stated

they were completely hedged???...


So we watch...LJ