|
Post by snortdd on Apr 14, 2015 10:58:04 GMT -7
Just spent a little time going back over the press releases for the last two years on the GasFrac site ( while it's still up) and saved quite a few of them for future reference, if required.
Got to wondering how it might have gone if- instead of the $60 PNC line- they had taken out a smaller line and done a reverse split followed by offering another 30-40MM or so shares while the shares still had some value.
We would have been diluted, but the company might have survived?
All too late and completely academic, but one has to ponder what might have been done differently.
When I go back over the history and the information we were given, I don't feel so completely foolish for staying invested.
The sale of equipment, followed by Hill's retirement might have been the 'tell' back then, though. Wonder if Hill retired so he could sell his shares without having to report it.
Funny, also, how the board members voted themselves liability insurance coverage, saying that without it most would resign, and then after they had it- quickly resigned!
|
|
|
Post by charbsey on Apr 15, 2015 2:57:27 GMT -7
oh my... imagine the court found fraud...
|
|
|
Post by treefarmer on Apr 15, 2015 6:48:51 GMT -7
The news says that Step bought fracking equipment and related intellectual property, it does not say they bought all of the intellectual property or anything specifically related to gelled propane/butane. Gasfrac continues as a company, a very small company, but an ongoing concern none the less. I am suggesting a more positive outcome for those who got in based on waterless fracturing. Ya gotta dream big.
|
|
|
Post by dipstick on Apr 15, 2015 10:34:56 GMT -7
the only intellectual property they had, to my knowledge, was pertaining to LPG fracturing!!! I am intrigued what gasfrac is doing now. Perhaps taking advantage of TAX loss angle??
|
|