Mainland Resources, Inc.(fka MNLU)

[DeeDog]

Thanks for this reminder. Even tho it was only a couple of months before I got in, I think this valuation was after they were in dept by $5 million.

Just a reminder, that there was PR about 10 months ago that MNLU was worth a good 50 cents/share (liquidated) based just on proven reserves in Louisiana, and that was at old oil and gas prices from about 12 months ago. So current prices are a steal here.

This is comforting since I've averaged down to about .50 but I don't expect them to liquidate anyway. I think this is a financing delay like many are having in this economy and it will be worked out, one way or another.