The liquidity at Comstock Resources (CRK) was getting a little on the tight side. So, this management did what many successful managements have done in the past. The company sold about 40 million shares of stock to gain additional liquidity before Mr. Market became concerned enough to decimate the stock price. Most likely, the option to sell an additional six million shares will be exercised.
"Following the end of the quarter, the Company completed its scheduled semi-annual borrowing base redetermination under its revolving bank credit facility, resulting in the bank group decreasing the