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Post# of 42999
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Freddy1

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Freddy1

Re: Doc Metz post# 10749

Friday, 10/02/2009 11:49:27 AM

Friday, October 02, 2009 11:49:27 AM

Post# of 42999
There have been plenty of investors that wanted to put money into drilling but at 70% ownership. MB would not dilute his own position. The rights offing does not dilute his percentage and will actually increase his percent ownership of the company with the over allotment. Not the approach I would have taken but it is what it is.

MB is waiting for the offering to be approved then things will happen. Until then nothing will happen.
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