RE: A Couple of questions1. from looking at the latest financial statement, they have no cash. they have other assets including accounts receivables. i'm thinking somehow they are keeping their operations running by turning these account receivieables. i can't think of any other method.
2. Athabaska is an arms length company to Yangarra. Its stated in their financial statements. I think one of the director(s) are also involved with athabaska.
3. don't think there is drilling in place. they are looking to raise cash. while they are profitable at current prices they mentioned they need to raise cash. if natural gas prices move up, based on existing sales, they will realize higher revenue without needing to do anything.
4. i think (my own personal opinon), yan is attractive at these low prices. management has previous oil and gas experience. and they own a large chunk of the stock. if they own the stock, i wouldn't mind owning a piece. especially now they getting paid in shares, that's more the reason to trust that the stock will move higher.
5. don't know about 3-12month plan expect they are looking to raise cash.