Post by
DrillinisThrillin on Feb 09, 2011 1:02pm
Looks like....................
..................they may be trying to do the PP @ 6 cents. It's always something with this one. Still believe it will be worth it but it's been a bumpy ride to say the least.
D is T
Comment by
NorthTea on Feb 09, 2011 3:04pm
have they announced a pp or are you just speculating? I thought they had a source of non-dilutive financing by way of selling royalty streams -- is this not the case?
Comment by
stockmanners on Feb 09, 2011 4:27pm
Seems like pumpers and dumpers speculating on PP. As you mentioned they already have non-dilutive financing.If they do ever choose to do a PP it sure won’t be at 6 cents. Last one was at 15 cents if any of you remember.Good to hear they’ve good haliburton for the Frac. News soon!
Comment by
DrillinisThrillin on Feb 09, 2011 4:30pm
They haven't announced a financing so I guess it falls under speculation. But - the current deal doesn't cover 100% of operations and they are out of $$$. So -let's call it an educated guess.D is T
Comment by
davey2018 on Feb 09, 2011 5:19pm
Your absolutely right. They would never consider raising cash @ 0.06. But, they could very likely do it @ 0.61/2 and a 1/2 warrant @ 0.10..