Barnabus Energy, Inc. (fka BBSE)

[up-down]

Distribution in BBSE is on going pushing the pps down

from the 12/13/05 8K

http://www.pinksheets.com/quote/filings.jsp?symbol=bbse

(a) Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company at the Initial Closing 897,312 Shares for a purchase price of CDN$ 0.835829741 per share, (or .75US) for an aggregate price of CDN$750,000 (the “ Initial Purchase Price ”). In connection with the Investor’s purchase of Shares, the Investor will receive a Warrant at the Initial Closing to purchase the number of additional common shares in the capital of the Company set forth in such Warrant attached hereto as Exhibit A .



Date
Purchase Price
Number of Shares

November 21, 2005
CDN$750,000
897,312

January 23, 2006
CDN$500,000
598,208

March 23, 2006
CDN$200,000
239,283

So is this guy selling is 75 cent shares for 1.42 today? what a bargian for him - management is screwing EXISTING shareholders!

OT: checkout BSKO!