Post by
RollinInDough on May 28, 2019 11:58am
this junk is SUNK!
they been shopping this for over 5 years with NO TAKERS!!! why? I will tell ya.... they are pretty much broke, have high costs and include the red flag, that they are uncertain whether they can conitnue as a going concern....
the big problemo here... is the rehab liabilities... the company itself estimates that at over $60 million bucks..... and the redwater decision makes it pretty clear.... that $60 mill sinks this little lousy company...
but you dimwits own it and one real dummy said Q1 was OK???.... with $60 mill in rehab looking them in the face.... with cost like this.... $5 mill in op costs to lift $8 mill in oil.... and again... $60 mill in liabilities.... get the hell out while you can cause this outfit is not surviving... you dimwits
whaaaaaaaaaaaaaa hhhaaaaaaaaaaaaaaaaaaaaahaaaaaaaaaaaaaaaaaaaaa