Ann: Offer to RLEOA Option Holders, page-26

Out after 4 and a half years, sick of watching the stock go down from my initial buy of 32c and constant bullsh**t cap raises to their buddies at inopportune times ever since. There have been plenty of moments of high investor confidence over this period where a rights issue to existing holders would have raised sufficient funds while maintaining share price and rewarding long term holders, instead of diluting us into crap with nothing to show for it but some soon to be expired options. The constant delays in results from t1 and now with nothing too solid to show from t2 and 3 despite results expected to be known well before options expiry has me now doubting the field is even commercial or is just a way for directors to suck funds from us shareholders. Yes, I know SB is a large stock holder and wants the company to succeed, but nevertheless he has been on a pretty nice wage all this time funded by us.. I hope for everyone here this is a success, but I feel even if the acreage is proved up the stock will be so diluted we'll never see any profit, burnt one too many times by this mob.