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Edward

12/05/16 1:51 PM

#100625 RE: Myth #100613

Agree with you this is because of Red Oak.Red Oak strengthened the balance sheet.IMO, from the beginning this was Red Oak's long term plan having no dilution, cleaning house,and most important paying off the loan while keeping a large cash position.Having a clean company makes it a lot easier to sell or merge.If Red Oak does not see a decent offer by 3/18,Morgan may have his contract extended for 1 more year since they will need someone to run day to operations.Red Oak have contracts expiring in 2018 for two members on the board and in all likelihood Sandberg will be retained for another year till 2018 if no decent offer is made.Do not think Red Oak would want to go beyond 2018.