face facts ed, time for you to resignas bad as I thought things were, I underestimated how bad they really are
I thought you might have a million bucks or so on september 30 but you have basically no cash and add in abandonment and you are even sinking deeper into the abyss. now you have two basically shut in or marginally profitable wells that will not even come close to paying your current overhead. If i was a supplier and i read this sack of shat tonight I would cut your credit off immediately
capital costs for the quarter were outrageous. i totally underestimated how much you piffed away on 14-23 and we have no idea if it is even a well as there is no money to complete or test it. thank god you assembled a dream team of technical wizards on the drilling side or we would have really been in trouble.
you spent 148k in the quarter on IR. are you kidding. we couldn't get you to spend 10 cents on the website and paying a couple of zombies to continually post on stockhouse how well things were going was a joke that no one laughed at so where exactly did the money go? Cushy job i would say
you may have been a good investment banker but you are terrible oil and gas/helium president. You piffed away probably 15-16 million dollars and have next to nothing to show for. time to leave
the disposal well isn't going to save you. It will help but it is time to face facts that you can not raise the money to bring the helium to market so sell the company to someone who can.