Confirmation e-mail from the company questioning the completion of the offering....
Our press release issued last week Tuesday stated the offering price, number of shares offered, and an expected close of offering on Friday, Sept. 28. Offering closed as expected so there was no need to issue press release
Name Change: Emerald Oil became assumed business name of Voyager Oil & Gas on September 4, 2012
Listing: NYSE MKT - EOX (trading under VOG prior to September 4)
Shares Outstanding: 163.7 million shares
Market Cap. at $.83/share: $136 million
Debt Outstanding: $15 million (1)
Cash: $19 million (2)
Enterprise Value: $132 million (2)
Management and Insider Ownership: 5%
OK so divide that 'enterprise value' (pretty generous given the emploee stock options,etc. BUT)by the # of outstanding shares and you get a price of 80 cents, now figure they dont plan to drill a single well until summer/fall of 2013 which means completion & fraccing dragging into 2014 and you get: A real Stinker! really these absurd 'strong buy' posts can only be put up by management,their pals or thier family, Sheeshhh!