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Alias Born 05/22/2009

Re: EarnestDD post# 8657

Friday, 08/21/2009 12:30:15 PM

Friday, August 21, 2009 12:30:15 PM

Post# of 42999
I have heard this from several other investors and MB keeps confirming this.

Nothing will happen until the rights offering is approved.

This is the only source of financing. MB does not want to dilute his stock. He wants more stock. He has assurance he can drill after Sept 30. The rights offering will fund two wells.

He will buy the entire offering to own more shares and a greater percent of the company.

There are plenty of investors that will fund the drilling for 70% of the revenues. MB won't dilute.
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