If it makes you feel any better, Justin sent me an email responding to my query a couple of weeks ago and said that the company takes dilution of shareholders very seriously and that an equity raising at these levels was last on their list of options for funding the next well. He also said that they would provide some direction as to their source of funding for the next well in the next 3 - 4 weeks (now 1 - 2 weeks).
PYM Price at posting:
4.1¢ Sentiment: None Disclosure: Held