TSXV:PEC.H - Post by User
Comment by
ssthvon Apr 22, 2013 8:47pm
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Post# 21286365
RE: RE: RE: NR
RE: RE: RE: NR Small company like that can last a little while without money because Ash and other member of the board are paid with stocks but that would not work with funding a new well or paying their suppliers. Also they have obligations towards the Potuguese government so they clearly cannot last forever in that situation. Let's hope that first, they can cut a deal soon and second, this deal implies a well that is not dry otherwise they (us) will be bought for spare change.