in Feb BUR put out an ann saying it had $1mil in the bank.
it just spent $280k on a well
it burns $500K every quarter
potentially thats $200K left in April.
it needs $800K to drill next well!
its trying to raise $1.3mil with another dilution of shares. - so clearly NEEDS money.
what happens if
A) no one buys these shares?
B) the next well does not deliver?
we have then done our dosh..
what am i not seeing guys??
in Feb BUR put out an ann saying it had $1mil in the bank.it...
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