and all this blather on this board with nothing new to report. Buy the dips, the SEC will clear the LINE presentations because they reconcile to GAAP - this will give us a 20% boost and if the BRY deal gets back on track we go to $35. In the meantime we collect our monthly dist until the end of the year and then maybe face a 20% cut which is well within the current price in LINE.
Let's assume the SEC approves the S-4 and the shareholders are permitted to vote on the transaction. I agree the SEC at some point will clear the S-4 but don't you think the real concern is the BRY shareholder vote. You have a company, apparently with good oil assets, that has let it be known its available for purchase. Are there others who would pay more for BRY than the current LINE proposal? GLTA