URI Merger Update, page-3

From a Noveber 14 article

A company Securities and Exchange Commission filing warns:
Our future uranium production, cash flow and income are dependent upon the results of exploration as well as our ability to bring on new, as yet unidentified well fields and to acquire and develop additional reserves... we may not be able to remain in business and our stockholders may lose their entire investment.
Flooding the market with millions of shares? It could happen, because to hit "start" again, URRE would need mega-bucks that it just doesn't have. So, where would the $6 to $7 million come from that execs say would be required to restart mining?
That's about how much money is available now, and the company is burning millions a quarter - thanks partially to executives getting $2.2 million in compensation, including $437,984 in stock-based bonuses last year, as they run a company that hasn't made a dime in five years.


ARTICLE

http://seekingalpha.com/article/2678455-uranium-resources-no-production-no-good-options-left


Wonder if Paul will Qualify for the stock based bonuses

Whilst we watch our capital erode