OTCQX:BALMF - Post by User
Comment by
astrorbiton Sep 10, 2018 4:26pm
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Post# 28593012
RE:In a perfect of world of back seat driving
RE:In a perfect of world of back seat drivingAvoiding dilution actually caused more dilution.
The staged approach would of worked in a different market(time)
The plan was drill.finance at higher and higher prices. Make a discovery and sell.
A "quick flip" that has now turned into a multiple project generator.
The management was conservative and probably had a plan to just finance by the year.Just enough money to cover their expected expenditure per year.As in "why finance for $50M when the expense for the year is $10M"
This company now is "stuck". Multiple exit plans.Financing then spinout may be a last ditch effort.