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stockguy1000

07/07/11 3:56 PM

#4775 RE: Rosset #4771

About a million. Not too bad, figure interest payments will be about 100-120 g's a year. No overhead, low salary costs. Easily serviceable based on revenues starting Sept-Oct. Stock price gets to .10 issue maybe some shares, maybe eliminate it entirely. But for the amount of revenue generated, debt will be minimal.

With the revenue streams, and questus paying for the well operation, shouldnt be any real debt accumulation after september.

Looks like shares are only around 95 million outstanding, which is way less than I originally thought.
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Ecomike

07/07/11 4:12 PM

#4779 RE: Rosset #4771

Last word on the debt was a little over $300,000, from what I have read here repeatedly.