Cannon Exploration Inc. (fka CNEX)

[cbrad10480]

I can't speak for smitter, but I have averaged down twice.

I bought in at .02, then again at .007 and lastly; at .0038

My average is .0059 which would require the current pps
to be a 5-bagger just to break even!!

To say the least, I am "SEVERELY PISSED OFF" at the recent
unannounced, Surprise Dilution...and the lack of communication
from our new Transparent CEO.

Transparent, yep; that's the correct definition; not a peep or
anything out of him as our positions lost 90 percent of their
value.

I feel that I must average down again, but I must make sure the
bottom has been tested first. We are so close to triple-zeros,
a whole new crowd of bid-sitters will drive this all the way down.

Best of Luck to Everyone!!


cbrad