GREY:MKRYF - Post by User
Comment by
powermanon May 05, 2015 6:36pm
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Post# 23697226
RE:RE:RE:Financing ...for consideration...
RE:RE:RE:Financing ...for consideration...I will be very surprized if dilution is not already in the play book. Big push to get the sp up before the news releases, now just waiting for the other shoe to drop.
Increased land and drilling oportunities with no cah or capex funding. Only one solution and that is to ad cash and a significant line of credit. That had to be in the cards to get to where we are.
Question is how much cash do we need to get a $250 million line of credit? My quess is around 50 million shares at $1.40. (70 million) Strangest thing is that usually this would be part and parcel of the news release. Very confusing approach to growing the company. Could be a very negative effect if the financing doesn't come through. We are definately not going anywhere on cash flow alone. DF