Manitok Energy Inc MKRYF

RE:RE:RE:They just dont get it.

[Tuco110]

I  must clarify. I really do like the MEI story and the great land package with inexpensive wells to achieve production. This management team however seems to work against itself. Things like hedging at the very bottom of the oil market($42 are you kidding me), and piling on more debt and sale lease backs at criminal rates. The best thing for the company going forward is to say to heck with the shareholders and do the dirty deed and recapitalise. Get rid of all the debt, give massive amounts of shares away, do a 10 for 1 reverse split, and do an EOR on Stolberg. Yeah sure people will get burned, so what, you've saved the company and now MEI can be a money generating force going forward. They, and all of us, should give up on the dream of $70 oil any time soon(I'm sure it will come to pass by 2025) but in the mean time they have to put the company and it's employees first. There will be huge money to be made later on, but the time for half measures has passed.
I reiterate, this land package is amazing as is the cost to drill, but the market and the sentiment is against all juniors(let alone micros), don't just tread water hoping for a miracle. Place yourself in a position of strength and be ready to dominate the weak when the real capitulation is to come in the next couple of years, for it will be a very long huge bull run afterwards.  JMHO