Terax Energy (TEXG)

[IHUBfan]

Thank you Steven Taylor!
Here is his response to my email:

Lalitha,
Thank you for your interest in Terax Energy.
To answer your questions, the stock dividend will provide a one for one. This means you will have twice as many shares. The shares will be free trading. The value of the stock at dividend date will be based on market conditions. The stock may be higher or lower than $6.75. The one for one stock dividend is set up to provide shareholders with more value than what was originally mentioned.
We anticipate the symbol change to occur within 5 business. We do not control the NASD and therefor are subject to waiting until they complete the symbol change process. Frequently, they provide a date of symbol change but are not able to meet the date. In most occassions, they achieve the symbol change near the date they originally report. These delays create a delay for the applicable company and the shareholders.
We do apologize for any delays which may occur.
Westar Oil will be updating their website shortly but are working hard to close on additional wells and negotiating other corporate buyouts. Management does plan on updating their website shortly. Currently, Westar has received $175 million in senior debt financing to pursue acquisitions and corporate growth. The financing does not involve any corporate stock.
Again, thank you for your interest in Terax Energy.
If you have any additional questions, you can contact Investor Relations at [phone] or via e-mail at [e-mail].




Stephen Taylor
Taylor Capitol, Inc.
Ph# [phone]
Cell# [phone]
Fax# [phone]
E-mail: [e-mail]