If you go to pinksheets.com you will find the latest quarterly report.Posted Aug.15th.At the beginning of the quarter Edex had 107,206 dollars,at the end $98.Payroll and office expense were $102,567.including auto expense of $5,477.79.From Sept 2007 into last quarter 57,168,688 shares were issued by redemming prefered stock.From April-June royalities brought in $828.A note for $192,000 at 15% interest is due in 2009.How will Tom get paid plus his auto expense just like last quarter,more dilution of stock,how will the note get paid?That $828 for 3 month's royality is an example of what you can expect from a miniscule stake in a well.Some shares are privately placed ect,and that is why you can't always tell by volume what is happening behind the scenes,but it states what is getting paid in the report,office rent,phone ect,and at the beginning of this quarter we had less than $100 dollars.I can assume by dragon's constant calls that the phones are still working,the sec.still there,rent being paid,and Tom driving.A couple more quarters and 500 mil max on shares will have to be addressed.And MAN oh MAN did we ever get lucky on that rig being delayed in IL.As you can see a few months of office expenses would be more than enough to get the Mesa well proved,but then the carrot dangling would be over,and Tom's gravey train derailed!
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