Freindlydwares and others, I do not agree with statements...

Freindlydwares and others,

I do not agree with statements blaming the woes of MMR on the board. I am a reasonably SH of MMR and I am glad that the company is still around. Hundreds of exploration companies in Australia, US and all over the world have been wiped out over the last two years with the low oil prices. While my net worth has been reduced, it is part of the high risks in investing in small cap exploration play where upsides can be huge. I have won some and lost some. Overall, I am happy that I make some.

Look at the other companies led by DB, ie BPH, GBA, MDS, etc, they are not even in the oil and gas space impacted by oil prices, yet they are as bad if not worse. Where are the boards? Are the Directors even aware that they represent the shareholders and not DB? Time for SHs to start making the call!

I gave credit to the board for preserving the little cash that they have when oil price wrecked havoc to all exploration companies big and small. Being a active SH, I have pressurised the board a year ago to dump DB and bring in new talents. Many other SHs have either dumped the shares or urge the board to replace DB. I got to understand the difficulties they faced as with the little cash they had, a board fight would have destroyed the company. DB is the largest shareholders and controls MMR through his web of companies. What we are seeing now is exactly what I expect would happen. As you can see DB is destroying MMR and we the SHs through his actions.

I praise the board for taking on this fight in the interest of all SHs. Who would volunteer to fight DB and not paying himself for this painful job?

I am accumulating more shares with DB out. Confident that this board would make MMR strong again.

H B