Ann: Chairman's Letter to Noteholders, page-148

I find it amazing that you think that not only is it all smoke and mirrors, and that every one is in on it, directors, Ernst and Young, some investment bank in Houston/New York, probably the other two companies in the sale , yet no -one wants to acknowledge that at $36 these assets are worth very little which is why no one wants them or will want them until the oil price is higher. All this wasting of time and money running around playing conspiracy theories will ultimately kill off the company and any chance of securing a sale. Presumably we all want a sale of the assets yet what a fantastic marketing campaign it has been so far with meeting after meeting , demands for IA inferring some sort of impropriety. lets see how much more money can be wasted before everyone realises that the only thing that will fix this situation is selling these assets at a better price.