GREY:PENFF - Post by User
Comment by
statesideon Jan 26, 2012 10:00pm
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Post# 19455400
RE: Friends and Family win again .........
RE: Friends and Family win again ......... The issue now becomes Pennant will need to raise money at much more unfavorable rates than had a successful test like the other 15 had occurred. Instead of a placement at $.40 on good news, now we'll have a placement at $.15 and probably a full warrant. They better find the issue with mechanical problems before drilling the third well. Everyone else has figured it out.....now Donnybrook needs to figure out the problems. I wonder if the institutions will even touch this play now with these results and with this trifecta of companies that can't control the flow of news?
stateside