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Re: shaleonyou post# 4046

Friday, 07/22/2011 2:35:35 PM

Friday, July 22, 2011 2:35:35 PM

Post# of 6903
I would not call it predatory. The current well is a lesser asset class (not proven reserves yet) until completed, versus what MNLU had for asset based loans in the prior deal. I suspect MNLU is getting a sweetheart deal loan at low rates, that may surprise most here. Keep in mind the insiders already put up large cash, unsecured loans to pay some bills the last 4 months. That will look very good to bankers. The math error, was that AEXP failed to raise its share of the cash, which opened the door to a merger, and a grab of the rest of the leased acreage, but added to MNLUs cash drain rate. The merger put a halt to selling new shares by either company, from what I gathered, and since the merger vote prospectus has not been mailed the merger will be pushed back again for another 3 months or so. Also, no one is going to buy us out while the merger is pending!!!

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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