Financing Just Announced!!!!!Like predictedNews just released...CEO announced a $10mm placement on a best effort basis....price undetermined and will try to close Nov.24th 2024....Echelon Capital broker and will search to find interested accredited investors...No surprise, stated many times they needed money badly to completed their 2023 and 2024 CapX requirements...lets see how markets receive this announcement...Not good, I'm sure...Good old Art, kept telling us in last interview, revenues was sufficient coming from those SASB producing wells..
Here we are another very dilutive financing...only God knows how low stock price will get for this deal to attract any interest...No surprise...