Hi Texans,
The revised offer documents from Blaze do not disclose Advance's current cash position. Two months ago they had just over $900K. At their current cash burn rate, they'd be lucky to have $700K.
No wonder they couldn't afford to increase the cash component of their offer and extend the offer to cover oppies. Easier to offer more worthless AVD shares!
As before, I encourage all TEX shareholders to reject this paltry and insulting offer by ignoring all communication from Blaze, and its appointed representatives and DO NOTHING.
I handle media and investor relations for Target Energy and I am happy to respond to questions from TEX shareholders.
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