Comment by
pennydredful on Jun 13, 2023 5:20pm
With no news on rights issue why is this still trading ?
Comment by
quicksilver545 on Jun 13, 2023 5:33pm
Should have received news by now. I contemplated buying in for the very generous warrants, but only if it stayed above 75 cents. However, it kept dipping with oil, and i couldn't justify the trade. I expect this offering will close only partially filled. Good luck to those who did participate.
Comment by
quicksilver545 on Jun 14, 2023 6:08pm
Yes i wonder if that's the case, and the cause for the delay. If they have to return shareholder's money from the rights offering, they will be in real bad shape. OIl downturn im sure is not helping sentiment either
Comment by
pennydredful on Jun 17, 2023 10:27am
Minimum raise from shareholders was a paltry one million $$.