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Re: skudaddy post# 290

Saturday, 08/30/2008 9:41:56 PM

Saturday, August 30, 2008 9:41:56 PM

Post# of 541
CNEH Evaluation by AS IRON SHARPENS IRON Criteria
COMPANY CNEH.BB

1. SHARE STRUCTURE ----------------------------10 (a)
2. TRADING EXCHANGE-----------------------------8
3. INSIDER ACTIVITY/OWNERSHIP---------------9
4. DEBT STRUCTURE/DILUTION/CASH FLOW--8 (b)
5. REVENUE GENERATION-------------------------10
6. PROMOTION---------------------------------------9
7. GROWTH POTENTIAL-----------------------------10
8. MANAGEMENT SKILL/HISTORY-----------------8
9. MACRO-ECONOMIC SENSE---------------------9
10. TRADING VOLUME/RANGE---------------------9 (c)

Total -----------------------------------------------------90

I believe this is about the highest rank I have given to any company.

Notes:
(a) Public fload is puny. 18.7 Million shares were issued to affect the reverse merger.
(b) It appears the S-1 Filing was planned from the inception of the $15 Million debentures. I don't believe the debentures are convertable to shares, but default will result in tranfer of assets from one of the oil fields purchased (using the debentures)..
(c) The stock is presently trading at low end of recent range I believe mostly out of concern for the S-1. It may go a little lower, but my guess is the shares will be gobbled up.

Said differently, if I had some liquidity I would be a buyer.

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