RE:CGX is a milestone around FEC's neck. CGX has no cashDoes anyone understand the financial liabilities that CGX has with FEC. I have read that FEC owns at least 72% of CGX's stock. I also see warrents, loans and options that FEC holds. I doubt FEC will allow dilution to pay for the next well as it would be coming out of FEC majority holdings. It appears the simplest remedy would be to merge the two companys. Looking at the finances, that look tangled, from a JV's position the issues would be resolved in the merger. A direct sale would be much simpler but may not bring the best price.