Ann: Maverick Shareholder Letter, page-64

There's nothing to compare the old report to. So how are they going to make a determination. As long as the listing rules re reserves reports was followed by the company, I can't see what the problem is. Reserves go up and down. They are not a perfect science. Since it was listed mad has never ever been cashflow positive that should have rang alarm bells and the number of p and a wells have been increasing over time. Therefore the report most likely wouldn't be correct to current situation. Mad doesn't have producing wells on Nash or boiling dome, every well since the report came out was uneconomic even though they found oil. If you still believe the reserves report after all the p and a in Nash and boiling, my advice is not to own oil sticks because you have no idea how they work