WHN SP = 1.6 hence market cap about $30 mil.
Can some one explain to me how the market cap is still $30 mil ?
1) Failed JV negotiation, and inability to meet Seychelles drill commitment in 2014 (and hold on to the acreage)>
2) Palta, duster
3) Cash balance at most recent quarterly 5 mil.
Essentially all the company has is La Bella which it is attempting to farm out and projects production in 2017 ( if not a duster).
seychelles nation article, page-4
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