You guys must be naive? I tried to short it, but no shares are available to short. Insiders' hold 40% of the float.I just bout 1000 shares of tgc @ 1.01. Also bought some of attuf @ .93 last week.
Did you read the SEC reports? They are not hedged to nat gas. Cap expenses are above cash flow.
They only have $68K in cash with $11,000K in debt. They have VPP's. That's off balance sheet debt. It's triple the debt shown on the financial statements. There is a good reason that they trade as a penny stock. No financial guy or big company would buy it.
The financial statement shows contractual commitments with operators that can not be made. Asset write-downs are coming (or already priced in).
So, really, you are betting that a big player will buy this out? I disagree.
You really should not show yourself long a penny stock play on any forum. Don't do it. People can fight your position. It just makes it more obvious that it may go lower.
Stock Trading 101: "Bulls and Bears Make Money. Pigs Get Slaughtered."