RE: RE: FEEDBACK from the company You said I made two mistakes. Do you now agree you made the mistake on debt. One the rig count, you said I was wrong stating six idle rigs and now indicate your math was wrong. Now you say I should update my info on the status of the refurbished rigs. I stated in my post that my info was two weeks old and as of that date, the president informed me verbally that the as of that date the three rigs were not complete yet. I did not say that they were not actively looking for homes for them but rather as of that date were not ready yet. IF they are ready now great but irrevelant until they are spoken for.
Once announcements are made that these rigs have found homes, the share price will be 50 cents at least as the analysts 2013 EBITDA estimates would go up considerably and so would the targets. However the market makers would not wait for the sheepish analysts updates before bidding up the share price, they can do their own math.
Contracting these 6 rigs ASAP will change everything overnight. As I mentioned earlier, even finding homes for half of them (particularly the heli-rigs from nasty HRT) would really move the share price.
I think our debate is over. We are basically on the same page here.