Value Microcaps Junior Energy

[dr_airtime]

MMT.V - Restricted Cash is Focal Point...

...in FS.

Digitech - you have any insight you are able (allowed) to share on this?

$3.8M of cash

$56.8M of restricted cash

I can't imagine that all of that restricted cash is for income taxes and royalties per Note 4 in FS. It sounds like they are being conservative as multiple prior year’s tax filings are still being assessed and this is mostly a contingency in the rare event that Mart can’t continue with Pioneer tax status.

This will be focal point of any new institutional investor. There will be tons of questions being thrown at Wade over the next week on this. This is the reason we are not off to the races. How can we pay a dividend on June 30th if our current ratio is less than 2.00X and we only have $3.8M of unrestricted cash?

Looks like we should prepare ourselves for Sept. 30th at the earliest.

Read Note 4 on FS. Sorry it will not paste without screwy formatting

Have not read MD&A yet and this is a quick scan so correct me if I missed something.