Hybernation, might be the solution.Jacques put Redstar into hybernation mode when he felt Unga was worth keeping, instead of selling out.
I just wonder how much of that $7 million is still in the bank.
In order to hang onto Unga, they may have to freeze spending, stop drilling (if they haven't already) and operate at the bare minimum, so that can use what's left of that $7 million to maintain corporate operations while offering the Aleut Corporation additional leasing fees to extend their agreement.
This may make it possible to stay afloat for at least 12 to 24 months, or when the merger or takeover happens.
If merging or selling HSTR is a viable option, I hope they can get at least $0.75-$1.00 CA for the whole company. Somehow I don't think they will sell or merge for less than $.75.