Ann: Appendix 3Z R Miller, page-4

there's been no profit since Ron joined the board. the gas is there, the oil is there, they just need to get on with it competently. drilling for profit is good business, Ron drilled for data, demonstrating a total disregard for good (small) business sense and share value. drill in the right place, the right way and produce straight after makes reasonable sense.

i have a lot of hope now that the destroyer has gone. but I will wait before I reinvest. they need to get money from GSPC ($7MM) and then just drill the well, fast. It's too early to jump in, but this is the first sign of hope. The company was only going to go broke under Ron, so we need to show a glimmer of hope now that he has gone.