Ann: Placement Advice , page-85

Ace effort O and may the snail now sprint!
Next few weeks will be critical and I'm sure they will be looking to move quickly to keep 162000000 options in the money! Only got until 30 sept.

This would raise about $3.4 mill for the coffers which makes you wonder why they needed to raise $500000 last week (sorry $505000)-- options make all the difference(lol) good luck to whoever got the shares - I understand that the company are very happy with the recipient.

However my concern was the apparent nonsensical gift of 50 mill options to someone - I tamed my anger with the thought that this may have gone to staff, however it was confirmed today that that is definitely not the case! That is extremely disappointing and will only serve to keep this unnecessary gift (and who received them) in the spotlight!!

$5000 for 50000000 options (with 2 years to play) under the guise of needing the cash - shameful, we should hear more! And to make things even more interesting someone is dumping the other options (even though they are in the money?) what does this mean?

Any thoughts O. I guess you will now be focused on the drilling but IMO this is no way to run a company!