Ann: Warro Testing Continues, page-23

So are you saying that a person who was recently a director is likely to still be across the sensitive information and fine details or not. When people spew out an ill-conceived and unnecessary aggressive rant it is often hard to tell. First you are saying they are only likely to know the basics of the frac program and then you go on to argue in detail why they are likely to know all the ins and outs of everything else. Aren’t you merely “jumping at shadows” like you are accusing the rest of us of doing. This is what is laughable, the hypocrisy of your post. You have obviously misunderstood my post which is weird as it reads very clearly. I was merely presenting both sides, either a director is across the details or they are not. If they are not, should they of been? If they are across the details, should they be trading the stock so soon after they leave the company. I’m just trying to make sense of all this by putting some highly relevant thoughts out there for discussion. I suggest the unsophisticated read up on the Socratic method.

The sensitive details of the frac program are highly relevant to me as the exact length of the net pay frac’d in the current test frac program allows for some extrapolation across the whole net pay to determine if enough flow from subsequent larger frac programs can be established across the entire net pay to make the well commercially viable. As myself and other posters have argued, if they have frac’d a large proportion of the overall net pay and we have these flow rates then we should all be worried. However, if they have only frac’d a tiny portion, we should be encouraged.

Also, If you knew how much ALCOA had left to spend from the $100m you would know if TSV is theoretically cum issue or not, if further funds were required of TSV to undertake larger fracs of the net pay. Can ALCOA fund more fracing or not out of their $100m is an important question to ponder.

Oh and thanks for confirming the bleatingly obvious fact that this is a speculative investment. There I was all this time thinking TSV had the same risk profile as WPL. Opps I should have asked for your invaluable insights before I put the house on it!

Marxist