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!
