.....but I would not get too worked up about big news coming. Any stock with any pulse at all is feeling the benefit of this equity rally. Notwithstanding, I do feel that Walter Dawson and the replacement CEO and founder will do what ever he can to get the debt and equity portions of the enterprise value balanced out ASAP. I also agree that Tuscan would make a fine acquisition for one of the internationals. They are located in two growth areas that are Brent crude priced and activity is robust and getting better.
Even with the current debt level a 40 to 50 cent per share take out price is reasonable.