some sanity ?, page-6

Hi Garnev,

The answers I gave you were based on fact. I talked little of Kevin and Bill's appropriateness for the board as that is subject to opinion

Not surprisingly, my opinion is that they are both suitable candidates

The deal that was in place before Kevin left was NOT a bad one. It was only after he left that drilling stopped, the rules began to change etc etc. I think he has the corporate experience and connections to be able to recapitalise BWN and turn it around.

Re Bill Hayes. He'd have to fend off 7 others telling him to go one way, it's like swimming against the current. Now given the nature of Bhushan's dodgy tactics in the corporate world, I'd hate to imagine what their behaviour was like behind closed doors, i'll leave it to your imagination to figure it out. Given he was the geo who pegged the tenements i think it makes sense to have him on. It's also a sign of confidence for the quality of our projects if he is on the board as opposed to leaving... make sense?

These are just my opinions. It's hard to know for sure as I wasn't sitting in the board room with these guys. But from my observation they're at least worth a chance

What it comes down to is this:
You have a choice. All shareholders have a choice.
If you chose to stick with the current arrangement, no body wins but Bhushan. Your options (quite literally) become worthless, and your shares head further south

But if you opt for and support the new direction, you at the least give this company A CHANCE to be something great. Actions will be taken to untangle our company from Bhushan's grip and after value-adding to our projects we can bring in some partners who want the coal bad enough to actually PAY for it!

Now you may look at the proposed board structure and decide it is not perfect - and that's fine - but it has got to be better than the Bhushan controlled alternative we are presently suffering. This is the conclusion that a few distinguished shareholders (who hold well over 5% of the stock) came to and they have decided to act in favor of the resolutions. We need to support their decision now, because i'll say it again, it has got to be better than this.