Ann: Operations Update, page-92

88E options presented one of the greatest speculative opportunities ever seen on HC. I bought over 20 million at average price of 0.003 and many, many more below o.oo8. Always amazes me why people ignore options. Like you I sold millions of heads to be able to buy more options. I sleep well at night.

For what it is worth, my risk assessment of 88E remains firm at 60% chance of success and that is being very cautious. Current share valuation should be at least 8 cents right now and rise to as much as 20 cents if test results are positive. Only the international oil situation is putting the dampers on oil.
Remember that, as yet, there are no really serious big players jockeying for major equity positions right now. When they do (and they will if we get over this testing time) we all will have some headache type of decisions to make. But what a good headache i.e. take profits and run or stay in for the long haul with all the business and political uncertainty?
I, am in it for the long term but may take a small profit to pay for more Macallans along the way.