Replies to post #4493 on Mainland Resources, Inc.(fka MNLU)

[DeeDog]

Oh, that explains the plurality of his question, the director leaving 5 months ago. I thought he meant now. According to your figures, I don't want to sell anything now, it would be averaging up too much. If you think it will be up to .50 by the year end, I'll be at break-even then. Whatever, I'm holding. Too much to lose but even more to gain if we wait.

I still think they could get the 6 week fracking job done this fall and get the gas verified/proven without further delay. I think it was you who said they had a frack crew lined up without having to be on a waiting list. Did Gerry say that? I also think the flood waters won't be a problem until late winter or spring, but I'm not sure about that. Do you remember when the water ran them out last time? When I first bought in January they were done with the drilling but I don't remember any mention of water at that time. Maybe I'll look back thru the posts...later.

[dayneyus]

Ecomike these Private offering usually come as restricted shares, 6 months is the currant Sec allowance, the warrants are worthless to the investor while out of the money, (strike price).
The restricted shares must run a gauntlet of regulations to be accepted by a brokerage firm, must be cleared by the Transfer Co., most likely needs to be DWAC or DTC eligible for electronic transfer. The warrants are returned to MNLU with the purchase money; the Co. then issues unrestricted shares, If the Co. makes warrants trade-able on an exchange they can be bought and sold at market prices. All in all I prefer to not buy PP, have done several and feel I have less control.

http://www.investopedia.com/terms/d/dwac.asp#axzz1WcuF7p5D