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rooktrader

06/14/07 1:13 AM

#25372 RE: contractor10940 #25371

amen
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ctb

06/14/07 1:24 AM

#25373 RE: contractor10940 #25371

Contractor, FWIW, this is the main part of my "two cents worth" which I sent off tonight...

"I intend to vote NO on the proposal as it stands now. I can see the benefit to developing more wells NOW but I think that there must be other ways to raise the needed funds for expansion besides a reverse split of this magnitude -

NAMELY: 1) wait a few months for the Padgetts 11 and 12 to
fully deliver and get a bank loan based on their success & 2) raise the AS a tad and do a private placement for a couple of million dollars.

IMO, the Reverse split should come, if at all, after the company has proved itself quite a bit more and the SP is much higher."

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lovethatgreen

06/14/07 9:58 AM

#25411 RE: contractor10940 #25371

Contractor

You and I are definitely on the same page.

ltg