Re: Now that the C Level guys and BODs have feathered their nest with OUR shares...
Had a balance of 23,820,000 cash at the end of 3-31-2020
received 31,800,000 A.R. for 55,600,000 total cash.
sold 100,000 in April
sold 100,000 in May for NET proceeds of 4,000,000.
That 's 20. a barrel.
Does that include the netback that EGPC takes?
What does the Accounts Payable of 31,394,000 consist of, if we pay them out of the oil sale?
As you can see, my knowledge of how this works is not very good, and this is why I am still a bagholder
looking to get out for $3.00 now.
Would appreciate if you could explain if you have the answers if you know why.