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Thursday, 01/04/2007 1:00:15 PM

Thursday, January 04, 2007 1:00:15 PM

Post# of 44006
Hello, I just now got off the phone with Charles Bitters.. CB is very frustrated with the SEC.. He feels the BDC will soon be behind us.

Even thou he was not able to give a date for a share holder meeting. He felt the meeting would take place from the end of this month to around Feb 15th.. Seems others have also been told this time frame.

Each time he answers questions from the SEC they have 10 days to come back with more questions.. Get this.. The SEC wanted to know the Middle name of one of the companys directors..

Charles is frustrated because it's cost time and money to deal with the SEC and there delays..

He told me I should receive a Proxy from my Broker when it's time to vote my shares if they are in the Streets Name which they are.

Other wise he still the same CB I remember talking to in the past. No BS kinda guy.. I felt he really has something to say and once the BDC is out of the way.. Share Holders will get some good info.

He was glad the company had no debt. He was glad AMEP had income coming in while the SEC stuff was taking place.. It has allowed them to keep moving forward..

Challanger Rig wating on some special part to get fully operational.. The whole area could use more rain..

I plan to talk to call and talk to Joe Christopher in the next couple days.. I may also try to attend the Shareholder Meeting.

That's all I can say for now.. GLTA FFB-Fish

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