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Re: A deleted message

Thursday, 10/15/2009 2:46:39 PM

Thursday, October 15, 2009 2:46:39 PM

Post# of 42997
Not sure what your complaint is with Z's analysis in message.

She simply says that IF the stock is below .07, and a shareholder of record from December wants to increase their ownership, they are personally better off buying stock on the open market than through the RO -- end up with more shares, always a good thing.

Particularly since MB has stated he will buy all shares not subscribed by other shareholders.

The only potential issue is that MB won't do that until the end of the thirty days, while individual shareholders could subscribe earlier.

But, there will be no 'rush need' for the money (other than debtors or 'flare gas' technology development) unless the lease application is granted, in which case the stock will likely go over .07 and the problem goes away.

Note that NOTHING (at least disclosed) has prevented MB from lending the company the amount of the RO, and then getting paid back for whatever amounts are subscribed by other shareholders.

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