If they just burned through half of what Gamble just gave them to settle this lawsuit, how will they continue operations? They are burning through more than 2 million a quarter, and they are only pumping about $1 million dollars worth of oil a month. They still need to settle another lawsuit, and the OPUS aggreement. Where is the money going to come from? They are borrowing more than they can pay back @ 14%, are you kidding me?
I'm still waiting for the results fo the 3 core samples that where suppose to be out before last years end. Cunningham says a lot of things that don't come true. It's had to invest in a company that lies all the time.