Here’s the situation. The company does have the money, however...

Here’s the situation.

The company does have the money, however it is being use a working capital. Hence not free float. That they can just use to pay off debt.

On the bright side. Oil price has gone up and up since July. The company should be profitable this year, hopefully enough to pay off the bond by the end of this year.

Venstar, one of the bondholders still hold somewhat 40 mil shares.

Prediction are that the worst is over for the oil industry and that China’s demand for oil is on the rise…till 2040.

If anyone one to sell their shares off-market. Iam willing to buy. msg me.