Are you kidding me? Yes, the shares are Stable, but are probably Stable Resources. The only thing you are drinking is Tom's diluted punch. Do me a favor, before you make such a statement, and go to www.pinksheets.com and type in edex and click on the financials. Ask yourself what did you get for your 2006 roughly 72,000,000 share dilution? Better yet, go back to day 1 and see what the company got for the roughly 173,000,000 dilution. The next thing you are going to tell me is that Tom does not take a salary and runs a tight ship. As of 9/30/06, salaries were 195,000 and Tom has a car allowance of around 15,000 and Rayleen got an allowance also. Hell, there is an employee loan outstanding of around $58,000 as of September 30, 2006. Approximately, 12,700,000 shares were just converted, and who knows how many from October 1 until now.
You have roughly 100,000 in cash as of 09/30/2006. With just salaries and car expenses and some office expenses, that might get you through to the middle of December.
Let's assume that Mesa is the biggest well in history. How will you get the 350,000 to pay for the next well and around 600,000 to buy up some more leases. For your sake, I hope history does not repeat itself.
As usual, do your own due diligence and do not rely on this post, but at least look at the financials.
AI
