Rights Offer, Anyone? Rather than blindside us with a private placement, why not let the diehard shareholders finance this thru Breagh cash coming thru the door. Why not a 1 for 5 rights offering???
Not sure how much cash we need, but with 220-odd million shares out now, another 45 million sold at 60 cents or so would bring in $27 million. That combined with the eventual Exxon proceeds should keep the wolf at bay.