CGX Energy Inc V.OYL

CGX has just released its year-end 2020 financial statements

[inthesix2018]

It was posted 7 hours ago. What do you all think?

[westcanpride]

A joke really (well the financials that is). Accumulated deficit of $297.8MM USD and only $11.8MM USD cash on hand. Hell, at this point, unless more shares/warrants are exercised, they probably do not even have enough cash on hand to fund basic operations until Dec 31 2021.  No wonder they cannot get any JV signed... sure great land base and seismic/reserve report, but almost no money to

[CLOUDER]

yes west, in a incarnation ago i was trying to tell you guys,  CGX is  B.S.  allways  was.  CGX has been and will be sliced up little at a time and fed to the sharks. THERE is 300 millionish shares out now  ,most the leases are in shallow ,(heavy oil ) ares demeara is next to 2 HEAVY OIL finds buy  eog, 1 chance at a discovery on the tipa good one to ,  63

[waitingstill]

WCP - I agree. You should sell. Please sell. Really would be better if you sold. If you can not understand that this is a Frontera play and cash on hand for CGX is not going to make or break this play, then you should sell. Quit complaining about not selling and do it. Sell. Whatever minor dip iin SP you create will be swallowed up. Not sure if I made myself clear. Please sell.

[westcanpride]

Sure waitingstill, lets not discuss anything relevant I said. Just bash me and pretend everything is going very well. Hell, I will do the opposite and challenge you to go buy $10k of new shares. Your such a big boy, and must be super loaded, go ahead and help support the cause! 

[waitingstill]

If they were your shares and would get you out of the stock, I would. Why torture yourself? You don't discuss much. You whine and complain. There is a difference.

[Miftee9]

Well, CGX hired a company to run a process to get a JV.  I understand that all offers are to be provided by March 31. The reason they are paying this broker is to create competitive tension, get enough parties at the table so that they get the best deal possible.  Therefore, we have to wait for the process to run its course, otherwise, why hire a company to run the process.  I