Ann: Trading Halt, page-33

I'm a bit convinced that this CR isn't going to be bad or as undersubbed as people believe. They have at least $1.15 mill in the bank and a cash burn of about $400kish. They are becoming more aggressive with their drilling from what we have been told so their cashburn has probably increased to about $600kish. If we strike what we all believe is there, the company will go on a massive re rate. I wonder who approached who? Whether MPJ approached a investment firm to raise capital or if it was the opposite and a investment firm approached MPJ because they want a small slice of the proverbial pie.

Either way. I'm still bullish.

Have a good weekend.