Cannon Exploration Inc. (fka CNEX)

[Talc Moan]

Page 11 of the CNEX Financials on Those Small Crap Notes they gave out This is March 31st ending don't forget this


Note 1.) 860 at .0001 Converted See ya later

Note.2) 5,624 at .0001 $4,850 Converted only $774 remains

Note.3) 38,432 at .0001 $5,972 Converted only $32,460 remains

Note.4) 3600 at .0001 0 converted 3,600 remains


VERY IMPORTANT]/b]

At the Time of the Quartely the Float was only 127,095,429
So Cannon still Owed 36,834 at the END of March 31st at .0001

Since March 31st The Float has grown to 351,903,121 ]/b]

So 224,807,692 New Shares have entered.

We do not know how much has gone to the .0001 Notes and the 504 funding. We also do not know if the notes can be paid off with cash by the 504 funding. I have sent an Email into Karen to find answers for all of these questions

So Bottom Line things Look alot better than one may portray in the filing if it is not broken down like this. Also remember Cannon only had a 16mill float to start the year.

My Guess Cannon is annoyed with these crap notes. They want to rid themselves of them.

Breakout Ahead IMO Folks Geophysics nect week

Please Comment so we can discuss this openly. I am very happy we got the updated filing today. Cannon is continuing to be very transparent

Have a great morning PM me for questions

BM's 288 and climbing

Smitter SMTT