GREY:ARWJF - Post by User
Comment by
whitehorn1on Jun 02, 2015 1:38pm
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Post# 23789717
RE:RE:Financials seem to indicate a winding down of the company
RE:RE:Financials seem to indicate a winding down of the companyyes, not sure how they can come up with million dollars come Aug with 118 bopd. Also, in the financials mentioned the wells at west hazel would be increased in about 3 weeks time. That will be the end of June. The only thing, if oil some how got to 75 dollars in that period of time, there may be some leniency with the lender. The way I see it - game over. CC will have to absorb a lot of his own personal losses on buying stock in the company. Mostly over .40 according to the insider buys, appears to be a substantial amount of money. I recall everyone was pumping him and giving him lots of praise, he may have a very difficult time getting another job in the patch in management.