"I can understand a Coal company financing secured debt with a bank, but what makes you think a Cactus processing company can get a secured loan?"--Realfast,
Thanks a lot for your insights here as I'm not at all familiar with financing. You are the first person I'm aware of who's made this argument. I really am not up for yet another fraud. Hopefully they can postpone needing the cash for a long time. If they can come out of this tailspin this year looks very promising for the company.