RE: Q3 Results In breach of bank covenants again. $33,000,000 on LOC, $11,000,000 in AP and $23,000,000 debenture less about $7,000,000 in AR.
On Sept 23, they announce they are at 1100 boepd for the quarter and turns out they were not even at 1000. Another line of BS just to help close the financing which was a bust.
Credability here is 0 or less if possible.