I knew enough to short this POS in $20s while everybody else and his Uncles were Loading up & averaging down turning their Portfolios Beet RED, aye Dopey? lol
No I'm saying that between 31 March and the day of filing BK somehow the $127M cash from ops got Spent, drawn down, depleted, or somehow blown.
Trades on Fri 27 May were 26% Short midday @ 13-cents+ and ended 2.18% Short @ 10.75-cents. LQQKs like there's hardly any Shorts left in-there to squeeze, aye Dopey? lol
No Co wants strategically difficult, expensive to manage wells scattered all ova da Map. If they're looking for any acquisitions at all, they would be synergistic, cost efficient, and sitting adjacent to there own.
They wudda had to buy in a 2-day window at/near Bottom. The volume was pathetically Low both days. Boasting Pipsqueak StUckholderz inflated Gains, aye Dopey? lol
If they had enough to pay How Come the Judge didn't say come back when you can't pay. My guess the cash from operations got spent elsewhere since 31 March and b4 filing BK. aye Dopey? lol
Won't be when it gets cancelled and replaced by New Shs. What? U think Lenderz are gonna let U Pipsqueak StUckholderz have Any equity, yer Daft, aye Dopey? lol
Just cuz they're Cash flow Positive doesn't mean they have enough to Pay their Debts. And if they DID they wouldn't be so cash flow positive, would they, aye Dopey? lol