Matrixx Resource Holdings, Inc.(fka MXXH)

[BMiles]

I think this week may present the most upside potential for this stock yet. The PR Thursday mentioned other things besides our drilling and I am especially interested in the 4 new opportunities they are looking at. They stated in that PR that they would be releasing more details on those opportunities. If they announce the details or letters of intent this week, the sky will be the limit as we have already broken through the toughest resistance points already.

I stated all along we would see double digits by Friday last week, I was obviously wrong but if the symbol change had not happened and jacked up everyone's ability to trade, there is no telling where the stock would have gone Friday morning. I have no reservations of sticking my neck out again and stating we will see double digits this coming week. There are just too many possibilities out there to keep us all hanging on.

There is the anticipation of reaching 3,500 feet around the 24th (Mind you that Allain LeBreton No. 1 is pumping 2.55 million cubic feet of gas from only 13,140 feet while we are currently at 12,704 feet), anticipation of news on the Hazard Lake Property, anticipation of news on the 4 new oil / gas opportunities, anticipation they will announce the rig has already hit gas. There are a lot of powerful PR's that could come on any given day this week and for the people flipping shares it has become very dangerous considering the company has showed on several occasions that they will release PR's during trading hours with no given warning. We are at a point now where we have strong support between 6.5 cents to 7 cents so the downside risk does have support. On the other side of the coin, we are done moving a 1/2 penny - 2 penny's a day. With the right news, we could see the stock moving in leaps of 5 or 6 cents in a day or more. These are reasons I have not sold a single share thus far.

Updated Math:
The 5% doesn't seem like much but the numbers do not lie. The 14C filed on Friday revealed an updated share count of 104,721,648 shares outstanding so it is only fair that I also update my math on the potential book value of this stock if we are fortunate enough to tap into the 11 million barrel reserve. Though oil prices have hit $78 a barrel, I will still use $70 for my calculation.

Now for the fun part -

11 million barrels x $70 a barrel = $770,000,000

$770,000,000 x 5% interest = $38,500,000

$38,500,000 / 104,721,648 shares outstanding = asset book value of 37 cents a share.

Now for real book value:

Asset from new well if proved = $38,500,000

$38,500,000 + $1,825,000 assets currently reported in most recent filing = $40,325,000

$40,325,000 - $612,000 in total liabilities reported on last SEC filing = $39,713,000 Total Stock Holder Equity

$39,713,000 Total Stock Holder Equity / 104,721,648 Shares Outstanding = .38 cents Book Value.

Bottom line is all of you have to decide what you can live with as it pertains to your ins and outs of this stock. I may post my opinions and let you in on my trading pattern but I am by no means perfect either. I can live with holding all of my shares right now for the reasons I have given but you have to decide what you think is best for you and don't let myself or anyone else on this board make you feel guilty one way or the other. The best thing to do is to do your own DD and then you will likely make the most educated decisions.

Brad