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Re: Vicster post# 26446

Tuesday, 01/19/2010 11:15:08 AM

Tuesday, January 19, 2010 11:15:08 AM

Post# of 47790
Hey Vicster, IMO thats what the drop is about. When fully converted the deal was for 50 million shares and about 4 million of debt for oil fields that were basically worthless, pv10 from years ago. I am sure Mr. Kampa struck the best possible deal to get rid of the debt and get back as many shares as he could. This is a mess he is cleaning up from previous management. Hopefully he can find other ways to get back more shares from other sources.

He has done much of what he has said he would so far. He has done a tremendous job IMO. He shed us of 4 million debt, gotten back shares, hopefully get us funding soon. Held a meeting with everyone at a time when most were irate. He did stand in front of everyone, not afraid and allow an open forum for questions, got to give him credit.