quarterly, page-19

Oh Paparika, will you never learn?

Those who want to downramp will do so no matter what.

MAD produces more oil. It is not enough. MAD gets oil of ground. This means it cannot get it out next month. MAD spends money on getting oil out of ground. It did not get enough cash in.

The oil out goes up. The cash in goes up. The news for future oil looks pretty good. But no, our friend Paul Everest explains how this is bad (I have never seen them together so they must be the same person).

Then we are told that the market agrees the announcement is a poor one. Yes, one tenth of one percent of MAD shares have traded hands today.

In may be a poor one for short term traders who were hoping for a big swing from the quarterly - even shorters as it has not moved enough. As a long term holder, I do not think that today's announcement was a poor one. I do not expect that any of the long term holders would be selling. 499,500,000 shares of people are hanging in there even though our downrampers know better.

I know Paul may have called MAD being overvalued at $1.40 and it did get ahead of itself. He has also called other things such as PGI. If you make enough calls some will be right. It does not prove your judgement is right.