cash burn

The current capital raising has taken our attention of the quarterly.....

How can a company that has a market cap of $6mil burn through $2mil dollars in one quarter??????? they are spending as much as when oil was $150.... and they didnt even drill any wells....Bad management!!!

If cash burn this quarter is similiar to last and we drill the core well, and ELK do nothing then ELK will need to ) issue another 30 -90mil shares somewhere between 3-9c in the next 3 months time......Potentially more shares than the whole company had 3 weeks ago.........and the quarter after that??? and the one after that???......previous performance would suggest ELK will end up drowning in shares and those of us that have bought will be diluted away to nothing.....unless they all of a sudden start succeeding and I for 1 am not very convinced.....

These clowns are certainly starting to worry me!!!!!!!!!