Rather than thread your post with sarcasm , why not try using some facts , it's hardly a toot toot on my part as I've refereed to it as a "proactive liquidation ".
There is obviously an asset that Denbury have invested in, there is an inferred debt that's owed to Denbury , there are some very large shareholders who are stuck in ELK and there only road to realising value is a reasonable price for the assets.
The share price values ELK at 17m today , so the question is his much can ELK clear in a sale over and above the current share price ?
ELK Price at posting:
9.8¢ Sentiment: LT Buy Disclosure: Held