vicksburg well, page-80

Richard

"Great buying opportunity but not one for margin lending.."

What complete rubbish. Their is no basis to claim MAD is great buying.

MAD is currently a oil company that cannot produce oil at a profit. It has $54M in cash and also has some drilling rigs(assets). But it also has a market cap of nearly 120M.

At this stage it's just a speculative punt on hope. Nothing more.

In the short term though it's facing massive donward's pressure and more holders just give up and other just sell for the tax loss.

Sub 20 looks a certainly.

While it's unfortunate that many holders will lose either their large profit or make a substantial loss on MAD all I can say is that it is now close to 2 years that I have continually layed out the logical case as to why MAD was no good.

The fact that shareholders chose to ignore my comments is a tragedy for many.