morgans report of 14/4 on website, page-50

Shano
"Paul ,so this oil company is not what we thought"

I would have thought it was pretty obvious that MAD is not what "You Thought" is was otherwise production would be over 5000 BOPD and growing fast and the share price over $2.

It's much closer to what I thought MAD was.

And Maybe Yeager can come up with a deal which injects some real value into MAD.

It wont be easy though as for MAD to get value out of a deal the other party will have to sell cheap.

MAD still has a market cap of around 150M with around 50M in cash so the assets are valued at 100M.

Seems like a very generous valuation for some drilling rigs and some acreage which has so far proved to be uneconomic