Debt? ... you mean the word "bankable" appearing in the Qtrly. No (pretty sure) US Bank would lend based on their reported financials (and specifically has Pathfinder been tested for impairment and if it needs to be what is the shareholder equity book value now) and their operating history. The Reserves report ought to confirm that unless there is some magic under the ground. What is the effect of all this (unexpected) gas.
Mezzanine debt? Struggle to make interest payments I would think.
Convertible term debt with interest PIKed? Equates roughly to transfer of ownership of asset IMO
Convertible notes? Ouch again
Going to have wait even longer now I suspect
AKK Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
