Just talked to Randy......he returned my call. Says they will have only 45M sh. out after the split, the institutions wanted it. The pp will be pre-split at .20 so the new investors are in at today's price.
They have to do the fund raising ...so that takes us to the start of December, then the 21 wells after that, which he says is better to drill in winter.
If the stock drops later this week, when the halt ends, then the new shareholders would get a sweet deal, but at least as of now, they are in the same boat as us, but not underwater, like those who bought at higher prices.
Anyway, he returned my call and talked for a half hour, so if you have any Qs give him a shout, only 5c a minute these days.
Stock should be trading by the end of the week, he expects.