Mainland Resources, Inc.(fka MNLU)

[Ecomike]

I will say it again, I recall that we got some kind of an answer on current credit they have about a week after that report came out, about 8-12 weeks ago. Wells Fargo and $10,000,000.00 and xxx....??? was what they had now (which replaced the old Guggenheim credit line) that comes to mind. It is in the old posts here somewhere, because I was very worried about it at the time (the well was not complete at that point, they were still drilling), when I first read it and asked about it here.

I bought and added shares since then (and so did the AEXP CEO IIRC the timing), so I know we got some sort of adequate assurance they had credit to pay bills with during this current stretch, or I would have sold 8 weeks ago at the last peak price instead of adding.

I am not saying they will not do some JV deal for further funding and expansion (it should be obvious they need to do some dealing to bring in cash for expansion right now), but I am reasonably sure they can NOT sell common shares until the merger is complete, so that leaves the other options, one of which they have used with great success in the past, being limited JVs and credit lines from the likes of Guggenheim.

They already have a track recording for success, for funding, and closing the deals.

In summary, my position is "No worries Mate"!