Indocan Resources Inc. (IDCN)

[iblong2]

I also believe that the PR has some information that is not correct. Ken Ash is not the CEO of IDCN but is currently the custodian. He has agreed, however, to become the new CEO but that will require a majority shareholder vote. Preparation for that vote is being made.

I believe the ~1.5 billion shares to be canceled are shares issued in Wyoming. Since the 2.5 billion shares that Jeff issued to himself were illegal because they were issued at an illegal shareholder meeting. It stands to reason, that any and all shares issued in Wyoming should also be illegal because Jeff did not have the majority votes to increase the A/S. To attempt to cancel those shares, will take further legal action.

As far as initiating a buyback, Ken will have to answer that question. Before that is going to happen, a lot of other business would need to be completed.