RE:RE:RE:RE:RE:Evi licenses transfer approval 2/12/24My opinion only:
Their priority objective is to pay off the lender and this will only have a chance to happen if the lender is willing to extend the June loan exp. date. The likelyhood of a full pay off is small at the current commodity prices so the lender can either cut their losses or take a chance that things will improve over time. The days of publicly held Jr E&P companies like PPR are in the past. The stock is slowly sinking without any buyers and so Management needs to make a case that the NAV still exceeds the market value, at the next Earnings release. They havent publically stated so, but I would not be surprised if the Board is shopping the core Assets around at this time. The best outcome for shareholders is to merge with a viable entity so as to salvage some equity value. We can only hope they are successful getting something like this done..