Replies to post #5111 on GREENZ

[NJ_TOAD]

ALRY....great update worth sharing......


Posted by: joenatural
In reply to: None
Date:5/2/2007 8:33:54 PM
Post #of 6388

IMPORTANT UPDATE FROM COMPANY THIS EVENING ..........

J.C. Friend just called me this evening, as he was returning my call from earlier. I had never spoken with anyone at ALRY before, so I thought it was time.

Very nice man. Now what I say below may have already been stated on this board before. I don't know because I just don't follow the board much.

J.C. stated there are 60 million O/S and 7 million are restricted, thus the float is 53 million. The 504 is completely finished and contrary to rumors, there is no other 504 and the company has finished raising cash, which was used for purchase of Dark Treasure lease.

Financials will be out on or about May 14th. The company is now profitable and operating in the black. Much of that money goes right back into developing their leases.

Rex Horning acquisition is already paying off big time. At the beginning of the acquisition, ALRY was sending out an average of 1 1/2 invoices per day. They are now averaging sending out 5 invoices a day and the backlog of wells to be serviced is now up to 60.

Beginning in June, the company will be putting out production numbers for the month before. This will continue every month thereafter and will give us an idea as to their progress each month.

Not sure if anything can be learned from above, but thought I'd pass on what J.C. had to say