Yeah it is "funny" that EKA started off in the middle of March and now we are in the middle of May and not a peep about any new wells.
They really needed to get that cash in hand in a hurry for nothing. Blew lots of bucks for the company and shareholders.
Nothing on the boards about new well permits in Texas either.
So that either means they jumped the gun or they have plans and they are not telling us..............
And to get that $5.5 million or so from the cap raising it cost roughly TWICE that in market cap............really smart and efficient move there folks!!!
ADI Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held