RE:RE:RE:RE:RE:RE:RE:Financing to close Nov 20Steven - you really think they could do a deal right now but in the long run it is better for shareholders to keeping doing small PP's......LOL!!! I beg to differ, going BK is NOTbetter for the shareholders!
Don't tell me that there is no way BK could happen! Brings back memories of Oilexco. This was at one time a darling of the TSX, at least 8 analysts had recommended it but then they got into a cashflow issue and the CEO was to cocky and refused to make a deal (with the devil) for interim financing thinking that a better deal would soon show up. Well you guessed it, that deal never did come to fruition and they ended up going under.
Unfortunately right now the market is saying that this is an extremly risking investment. The risk/reward scale is heavily tilted to the risk side. How many more small PP's are feasible? Judging by this last raise attempt it does not look good!