oil just keeps going up..., page-17

SpyValley

Mates doing deals for each other may not do good deals for us shareholders. The value of the tenements can be transferred to Sentry in which MHL's management gets a stake as a thank you.

I do not think MHL got a good deal from Sentry (as Brantley now openly agrees) and we would have got a better one from an established oil producer. There has not been one case of MHL management buying MHL shares since July 2006, and that says what they think about its future. The Steinpreis brothers between them have only about 26 million MHL shares and they would have acquired them for very little.

Having said that the value in MHL is the willingness and ability of its management to do deals for us. I am sure they are capable dealmakers, and we as shareholder may get some of the droppings over time that MHL is allowed to retain in its deals. The only solution is for MHL management to be given performance options of say 30% of MHL's total shares as an incentive to drive the best outcomes for all shareholders.

Brantley has found a way round this perceived problem by buying into Sentry. He originally just posted what he had done without stating his dissatisfaction with MHL's management, but he is now openly stating his concerns on the MHL thread.

Just speculating.

loki