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onthetake

05/16/06 7:50 AM

#73868 RE: JPetroInc #73864

I agree with you JP. The only part that is hard to quantify is the part about the options only on results. Are you talking about all results or just results released to the public? The problem with the seat we sit in is that they may be giving options based on great results that we can not see as of yet.

Don't get me wrong.......I'm as frustrated as the next guy/gal. This is certainly getting to the later stages of what I thought I'd be waiting for the return I came here for.

But wait I will and I agree with you JP....binding their hands at this late stage of the game with a no vote will not serve any of us or the company.

OTT
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NEOMBRIDGE

05/16/06 9:13 AM

#73874 RE: JPetroInc #73864

I agree with you JP and voting for the share increase. I don't feel the management has brought us this far just to turn around and take action to harm its shareholders. Neom appears to have its game plan in place and we'll have to see how it unfolds.

I am of the belief that the share increase will ultimately benefit both the company and its shareholders.
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yellowjacket

05/16/06 10:31 AM

#73897 RE: JPetroInc #73864

"Never get in a pissing contest with a skunk" is definitely sound advice. In this case the skunk IMO is Cornell (aka "He who has the gold, rules."). I will be putting off my voting decision as long as possible awaiting further information and developments which could shed some light (how about a laser beam?) on the need for so many more shares. Ultimately, however, it's likely I will support the request for additional A/S. Why? Because IMO putting the company in the position of defaulting under its agreement with Cornell is NOT really a viable option since it creates a whole set of consequences (legal remedies) that no doubt would quickly cascade into serious financial problems for both the company and us/me!. YJ.