OTCPK:EDEYF - Post by User
Comment by
Winny1on Feb 27, 2016 2:55pm
119 Views
Post# 24601995
RE:RE:RE:Turning thing arround
RE:RE:RE:Turning thing arroundIf oil prices continue to stay low, then yes, EDE could face bankruptcy. Oil companies, big and small, are in the same boat as well. I actually thought the latest NR was positive, given the circumstances. They didn't have to pay cash and gave up some liabilities to settle the dispute with the third party. It's like hitting two birds with one stone. Anon has been a big seller since the news and is still selling as of Friday, Feb. 26. Once Anon is done, I can see the share price going back up to 2/2.5 cents. Oil prices seem to be recovering lately, that will certainly help. GLTA