Can anyone explain in more detail the " red bol
Post# of 39368
Can anyone explain in more detail the " red bold below " . That is beyond my scope. The way it is worded is it's not that uncommon to have a loss of this size, under these circumstances. Otherwise, I think the loss is huge.
Net loss for the third quarter of 2012 was $6,222,618 or ($0.01) per diluted share versus a loss of($420,925) or ($0.00) for the third quarter of 2011. Net loss for the first nine months of 2012 was$8,019,633 or ($0.01) per diluted share, versus a net loss of $4,614,482 or ($0.01) per diluted share for the comparable period in 2011. Losses were mainly attributed to the difference in trading value booked on stock based compensation issued at a discount.
I completed reading the PR. It does sound more realistic than in the past, as long as they hold the the time frames. I'm happy hearing 100 bopd, and delivering than 1000 per day and not. Go teco