Finally
the truth about MAD is revealled.
And no surprises
1. Most of the reserves dont exist.
2. Blue ridge has not been profitable but with reduced targeted drilling they can extract a few dollars
3. MAD's major asset is its cash
And the Future
Well basically its a cash box, with a minor production asset in blue ridge and future increase in value is dependant on good acquisitions.
Ann: Maverick Shareholder Letter, page-2
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