Pan African Oil Ltd. V.PAO

RE:PAO Recent Financials

[klondikej]

JR12 wrote: Ending September 30th 2014:

Cash: $3.74 million
Total Assets: $6.33 million
Total Debt: $37K
9 Month Loss: $1.3 million
Common Shares: 58.3 million

Wow, this is a sad story. Perfectly good junior in terms of being well financed, clean balance sheet and not diluted. Yet management is letting the G&A costs take up at least $400K per quarter letting it sit idle. 

Maybe the wine has turned to vinegar. Once the cork is removed and the 'Wine' is exposed to oxygen the wine will begin to deteriorate in a process called oxidation.