morgans report of 14/4 on website, page-32

Neilie, like your posts. The difficulty we now have with MAD is putting a value on the stock. Yeager indicated at the AGM that his plan would be articulated within 6 months, which is now. To date we've had no updates other than a couple of appointments. We will get the quarterly report next week but it appears based on data lodged with the Texas Railway Commission that production will be down. No one believes the certified reserves and historically the company has always said that the company's reserves will be validated by production. As production looks like a dogs breakfast, I can understand the market's negative perception of the company. My concern with the price movement of the past few days is that it was based on relatively small volumes. We've yet to see what 6-8M shares traded in a day would do to the share price. When I last checked, there were orders for 8 million MAD shares in the price range of 22-24c. That could well be the short term floor price ahead of market announcements, including the quarterly report. Mike Yeager may be working wonders behind closed doors but the market is seeing precious little of his work and has now totally dismissed the company.