RE:RE:p.s. its March 14th, I think you can kiss a "winter" drill phantom... from that NR...
The Company has entered into a letter agreement with Gogal Air Services to provide drilling and associated support services at a total cost of $157,150 payable as follows: $69,000 cash and $88,150 payable as Common shares in the equity of the Company at a deemed price of $0.31 per share upon completion of the services.
Problem is, S/P currently sits at about half that Sept. 2017 level, O/S shares then were about 95 million or about 2/3 current level and Sept. 30, 2017 the Company had almost $1.4 million cash on hand. We currently have no cash and are on the downslope of a promotional campaign with little hope of recovery to the levels attained. I would have expected to see a PP at the 20¢ point, but that's not happening now! Company says they have plans, but they have no money! I see a small problem...