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Re: ooag_long post# 16506

Tuesday, 06/22/2010 1:59:15 PM

Tuesday, June 22, 2010 1:59:15 PM

Post# of 23619

I asked you a while back to share with the board your adjusted basis, you never did, that's because its well under 20 cents, i have little doubt that you have made substantial progress towards breakeven after the last run


How would the last run have helped me? I haven't bought a single share since well before the 1000-1 RS nor do I intend to. My cost basis was around $12.00 a share. Worth much more as a tax loss to me than as a stock.

there has been a purchase of a lease


$100K

and the drilling of a test well in panola county etc.


$75K

there have been additional expenses other than just litigation, i do agree however that he doesn't yet justify paying himself more than say 150,000 a year, multipy that by 6 years and thats a mill, add his personal expense arguable 500 grand with all the mslc bs regardless of what you say.


LMAO $150K salary for a company with no operations?? For doing what? Printing shares? $15K a year would be a gift and even at that price he'd have been fired after the first year by any competent BOD. The owners of the company lost 99.9% of their investement and you think that's worth $150K a year salary??? You're joking right? On what planet?
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