Rock Ridge Resources, Inc. (RRRI)

[medchal]

I have, of course, read the agreement. Have you?

What about that $132,000 worth of TNOG preferred stock to be issued to the seller? That's preferred stock, of which there was none as of the last filing.

Who comes up with all the other cash due the seller and other creditors, which appears to be more than the wells are producing? Don't forget, Titan has over $600,000 in existing restructured debt. Part of that is required to be paid off over 36 months. The rest is presumably (Titan's information being sketchy, as always) past due and "callable" at any time that the creditors feel there is money available which should go to them. Who is coming up with the $5,000 payment to Mr. Bialy?

Why is the "agreement" for Mr. Bialy's services as a Director left to be negotiated later? That is a very peculiar provision.

I would also commend your attention to the bullet points labeled "Investment Representations", "Preferred Stock", and "Stock Value Guarantee", although the mysterious absence of Appendix F makes it hard to reach any real assessment of what the preferred stock actions might be, and just how Titan will be "using public equity as a means to finance the operations". Reference to a "market price" of the preferred stock would indicate that the stock issued to the buyer will be only a portion of the overall issue. It's all a bit vague.

But, what the heck, why nitpick? All these questions concern mere minor details that would just distract people from the big picture of the fantastic money to be made here, right? So, why ask them? On the other hand, since many insist on asking for reactions with schoolyard taunts, why not?