Thanks @stumpytrunks , if management are taking voluntary cuts in an effort to support MEL that is some serious commitment to the company.
MEL needs $1m for their share of perforation, completion and connection of O-2, have $881 cash on hand. They have already signalled another CR top up to get the remaining funds. So soph's tip in another $3-400k and we all get to see what O-2 actually looks like. I think that the major SH's would be interested enough in O-2 to advance that funding.
The dilution sucks but it is good to be alive! Good luck all MEL and VEN holders.
Thanks @stumpytrunks , if management are taking voluntary cuts...
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Mkt cap ! $4.342M | |||
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