Yep management costs way over the top give performance. I ran...

Yep management costs way over the top give performance.

I ran some modelling of RFE financials this morning with oil at $106 / bbl, and if management continue to pay themselves exorbitant salaries and do nothing but sit on the beach and watch (declining) oil flows from existing wells, then revenue for the next 12 months will be $50M and EBITDA around $35M. Also Guggenheim facility back down to $50M debt ($50M available).

Surely someone will see value in this and take it over. I believe (foolishly?) that SP is being manipulated down to aid cheap takeover. And management remain deathly quiet..