I just cant see the 'value' in this deal.DEAL$133,000 Cash2 x...

I just cant see the 'value' in this deal.

DEAL

$133,000 Cash
2 x 0.05 * 2,500,000 = $250,000 in drilling free carry

All for approx 40,000 acres!

I reckon sentia and myself could arrange better deals and split Marks 145k cash component per annum.

In fact I will do my share of the work for a miserly $65 k per annum!

Marks Reign so far in summary:

POINT 1

Share price upon taking over on 7th April 2008 = $0.03
Current Share Price = $0.009

Equates to a decline in 'real share holder value' of 70% + in than less than 2 years

POINT 2

Mark eating the cake straight out of share holders hands - the story so far:

Salary 2008: $30,000

Salary 2009: $145,000 cash + $47,200 in shares

Option 'incentive': 10,000,000 for free with strike price 3.3 cents (probably not a valid argument given the chance Mark will strike a decent deal and move the share price upwards to 3.3 cents lol)

Summary

My point is I dont see the value in paying Mark cash of $145,000 per year when QPN is short of cash and the best deals he can come up with are what was announced today.

Im thinking we have a quite spoken version of Kains on our hands...eating out QPN's large acerage heart and selling it off for cheap.

I worry about who these 2 US companies are actually owned by...Im hoping its not anyone we know...

Note: Question to ask Mark

Do any QPN directors or director related entities hold a direct or indirect interest in either or both of the 2 us companies which purchased the acreage and option acerage rights today off QPN for $133K?