Greenland Energy Responds To Short-Seller Report, Defending Its Exploration Strategy, Finances And 13B-Barrel Potential; Says "GLND Is An Exploration-Stage Oil And Gas Company Focused On The Development And Advancement Of Its Exploration Activities In Greenland. We Currently Have No Earnings, No Production And No Proved Reserves. Our First Well Has Not Been Drilled. We Said All Of This Ourselves In Our Prospectus And Our 10-Q, In Plainer Language Than Fugazi Uses."
To the Owners of Greenland Energy CompanyA research firm called Fugazi Research published a report this morning concluding that GLND is "uninvestable at any price above zero." They’re entitled to their view.
Greenland Energy is an early-stage oil company with no production yet. They're pushing back on critics and saying they were honest about the risks from the start.
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