Share up to $.13 Wow but SSN has $.21 in cash Do the math: See Auditor's restated Financial Statement<br /> SSN has 13M in cash and receivables<br /> SSN owes 6M<br /> SSN has 7M net in cash<br /> <br /> 7M / 33 M shares = $.21 cash<br /> SSN burn $.5m per quarter but will earn interest on the cash it has on hand.<br /> <br /> This ugly duckling will do well in the future.<br /> <br /> <div> STETSON OIL & GAS LTD. </div> <div> See accompanying notes to the condensed consolidated interim financial statements. </div> <div> 1 </div> <div> CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION </div> <div> March 31, 2014 December 31, 2013</div> <div> (unaudited)</div> <div> Cash $ 543,836 $ 628,200 </div> <div> Accounts receivable (Note 4) 7,384,158 261,342</div> <div> Notes receivable (Note 5) 1,751,453 1,643,534</div> <div> Prepaid expenses and deposits 12,587 16,562</div> <div> Restricted cash (Note 11) 3,930,502 3,780,352</div> <div> Total current assets 13,622,536 6,329,990</div> <div> Reclamation deposits (Note 7) 396,276 356,891</div> <div> Total assets $ 14,018,812 $ 6,686,881 </div> <div> $ 7,150,596 $ 6,700,645</div> <div> Decommissioning obligations (Note 7) 219,368 137,201</div> <div> Total current liabilities 7,369,964 6,837,846</div> <div> SHAREHOLDERS' (DEFICIENCY) EQUITY</div> <div> 36,173,427 36,173,427</div> <div> - 8,570</div> <div> 339,586 52,786</div> <div> Accumulated other comprehensive loss - reclassifiable - (10,926)</div> <div> Deficit (29,864,165) (36,374,822)</div> <div> Total shareholders' (deficiency) equity 6,648,848 (150,965)</div> <div> Total liabilities and shareholders' (deficiency) equity $ 14,018,812 $ 6,686,881</div>