8816 Nov 2020 11:02
88 is a company that owns nothing, it leases land which has oil under it, it gets other companies to farm the land because we no longer have the finances to do it ourselves. What we do have is documents with pretty pictures telling us where the oil is and how many billions of barrels that we own. we have cash raise after cash raise because its the only way we can stay afloat but each cash raise weakens an already weak company, failure after failure with drills adds to the woe.... bottom line we get a hit and we all become rich or more of the same, we hit the wrong spot or oily clay or better luck next time, or we missed it by 50 yards