RE: RE: RE: RE: Management must have wanted out Exactly...........TORC is throughing around numbers.............like the $318 they have raised in the past............its a big number, and sounds impressive..............but it looks like they spent it very unwisely, and have little to show for it.
800boe with lots of reserves and potential for growth, should cost $80 million at the most.
Its nice for VROs shareholders that yesterdays price decline has been reversed today - but its not because VRO is more valuable because of these deal - its from something else.
If there was nothing else to buy, Id be holding VRO and voting No...............but given that there are other companies just as attractive as VRO price wise, I took my money, and put it elsewhere.