Preferred Shares and other stuffI spoke with the co this afternoon, the P/S of this company are set with a 5 year term - they expire 2013, and afterwhich, if the lawsuit is unsettled, they are worthless. (great news, no additional dilution)
in any event, with current shares out, we should have a floor of 5 cents given our cash position, with no value for the asset in Dakota or the management team... i note that the new operations guy is ex-Bankers Petroleum and the new CFO is an ex-Lundin guy
i would like to know how far away we are on this Colombian asset
looks good (really good)