Only thing holding this rocket on the launch pad is the question of can they find financing to drill the well! If yes a couple bucks per share is reachable, maybe a BDC will lend them some. If not back to low penny price.
Even a simpleton , can figure out that IF what the BS that has been spread about this "company" had even a scintilla of truth to it.......they would be AWASH with backer money.
They wouldn't be beating the bushes looking for backing......simple as that.
A little common sense is in order here..
They wouldn't need to be "working something out"......backers would be trampling over each other at the "opportunity"..
Wouldn't you ? !
Be able to recognize the smell of total BS when it is so strong.
Otherwise they will bury you in it.
I believe NORX had mentioned that they had several options that they were looking at in terms of financing and just needed to work something out towards the end of July.