RE:You guys are tripping out Good post. I agree this is an opportunity. There is a real company here with real assets and significant production. This offering will only be dilutive if you don't participate.
They will reduce their debt by 15% if the offering is fully subscribed, and their interest costs will decrease by $3 million per year.
I started buying a little too soon on Thursday but averaged down on Friday and I am
now at $0.29. I feel comfortable here and after the rights my average will be $0.23. Post offering that's only a market cap of $80 million and an enterprise value of $200 million. If they operate efficiently it could easily be a $500 million company, or higher.