Replies to post #6575 on Cross Border Resources, Inc. (XBOR)

[SeaOhToo]

As Phil would say, "trouble, trouble, trouble".

Your kidding yourself if you think some merger of 2 overburdened companies with massive debt will survive without cash!

[Ed Ajootian]

boomer, however this gets resolved I would be very surprised if the lender ended up taking common stock, due to the "XBOR Overhang". Exactly a month from today another 2M shares of RDMP stock become free-trading, having been issued to a XBOR shareholder on 6/13 to acquire 1M XBOR shares held by that shareholder. At the time of that transaction XBOR shares changed hands at $1.70/share, so that shareholder would seemingly be thrilled to be able to get anything over $.85/share for his RDMP stock -- if he should be so lucky.