GREY:PRBEQ - Post by User
Comment by
Burnermanon Mar 02, 2017 3:01pm
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Post# 25921751
RE:RE:Sink or Swim?
RE:RE:Sink or Swim?There should be no reason they can't acquire financing. As previously announced they had lowered operating costs and paid down debt. They were almost even at the 3rd quarter announcement and posted news that they could be looking at possible acquisitions. Since 3rd quarter oil is up substantially which alone should push them into the green. They still have the payment or final payment of the decommissioning contract to assist with issues arising regarding past payments due and financing. I personally believe this situation is regarding an absolutely absurd interest rate. That is why I believe they hired an outside company to try to deal with this situation. I just wish they would be a little more transparent and keep us loyal shareholders informed. JMO and GLTA