Replies to post #748 on Cross Border Resources, Inc. (XBOR)

[swanlinbar]

I like Mr.Grays comments-Mr. E.W. Gray II, Chairman and CEO states, "We are pleased to announce that the divestiture of our Hanson Energy Oil and Gas Assets in now complete. The ability to re-structure the company in a way that can potentially provide greater shareholder value, without having to enter bankruptcy, has now been successful achieved. Doral is now poised to execute on our original business model of acquiring under-valued producing oil and gas assets within the Permian Basin in order to achieve the goal of increasing shareholder value. We appreciate the patience of all shareholders during this process and look forward to working relentlessly in our efforts to increasing the market capitalization of Doral Energy."..."

[kajulie]

No worries my friend, I can see how the wording in the last PR regarding the 725K, paying the notes, and leaving a surplus are a bit unclear, but I do believe that the PR is correct in saying there is a surplus after debts are paid. Looks like the close will happen and they'll have $$ in the bank afterwards as well. When this news sinks in among the investment community, I think we'll be very happy with the shares we're picking up from the few who appear to be spooked down here.