Being in this situation, what would you do? It sounds like our best option is to merge with Virgin, end litigation, and drill.
Where's that kind of funding coming from? What about the loan for $8.5 mil we have a commitment letter on?
Meanwhile Volk takes his time on a PR, possibly for legal reasons, while the shares get traded into strong hands of his friends quietly. Maybe it's a coincidence a nice bottom has formed and we have gone from heavy dilution to very little.
Just a theory and my opinion.