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Some VOG investors have capitulated to the idea of "No dilution" or "Back-up" regarding the US$ 25 m loan facility recently mooted for VOG. My medicine, in contrast, aimed at rewarding the long suffering shareholders, who are first priority on my list of company targets, would be to fill the war chest with cash. Cash is king, not debt! A very healthy balance sheet would propel VOG to the stars. Those who wish to stay for the drilling phase could do so. Those who wish to cash in their stock could do so too. I am against new drills will burden the company with debt or raid what little cash we have or will make in the near future. Let us not be led by a ring in our noses.
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