Replies to post #5951 on Cross Border Resources, Inc. (XBOR)

[Ed Ajootian]

bobwins, its a gallant thought even if its unrealistic. If you look at ASEN's situation you'd note that:

1) they are pretty well maxed out on their debt;
2) just about every equity raise they've done in the last year is now under water or very close to being so;
3) to get their last equity raise done, last July, they needed to include some of the most toxic, investor-friendly, provisions I've ever seen.

Given the the above it seems unrealistic to expect that ASEN would be able to raise a significant amount of cash at this time, whether by issuance of debt or equity. Will may be a superstar negotiator but he can't squeeze blood from a stone.