RE:RE:RE:RE:RE:RE:RE:RE:Katusa VideoOne more thing Mudpuddle,
yes the share offering was against what the company was advertising, but if the macro economics of the oil industry was changing and they realized this ahead of the curve, would it not be a mistake to tell the shareholders or more imoortantly potential shareholders " we think the oil market is going to tank, OPEC is failing and we see lower prices for the next 3 to 4 years. But we are going to take advantage of the downward cycle and will be going to the market for substantial dilution to capitalize in the future". I know this sounds ridiculous, but if my hypothesis is correct based on changing macros,how do you think they would have approached this to keep the shareholders informed and shareprice high for the offering.
Was BBI not down to under 5 million in cash prior to the dillutiin?
looking forward to yours and the boards collective responses. Thank you
PJ