RE:RE:RE:RumorsFordy,
TUD had $7 million in cash of December 31. in their last fully reported fiscal year they spent almost $30 million - mostly drilling but $6M or so overhead. 7 months have now almost passed. It is fair to hypothesize that there is not much $$$$ left in the bank! a couple of years ago they wouda burnt through all of that in 3 or 4 monts!!!
As for funders, I do not believe TUD has any firm enforceable agreement with anyone for funding. If they did, they need to disclose it. I have not seen such disclosure. Yes, Eric has been a big supporter........without him lights woulda been likely turned out along time ago imho...........
Its silly to say TUD has all the backers they need when every financing in the past few years has been a DOWN ROUND...........time after time...........thats a fact.
fordster wrote: Report abuse folks: it's openly known and repeated by Tudor they have all the money they need and they are well funded by industry insiders. It's an open lie Larry meant to undermine Tudor.
REPORT ABUSE