Presentation, page-20

Todays price will test the true belief is this stock by its top 6-8 executives. $1 million can buy over 1% of the company. Only time will tell whether they elect to step in and invest some of their attractive salaries! I wonder how the institution that has a value of $1ish on this stock feel. Something must be fundamentally wrong with their formula.

The two main reasons ATS has been hammered is their inability to drill a satisfactory lateral length with any consistency and the overall market sentiment for unconventional oil plays. The US banks are running scared with balance sheet stress on a lot of these small shale plays due to them drilling in marginal areas. Some of these factors do not affect ATS.