placement, page-47

Received a call from Elk today asking if I was taking up the offer. Didn't buy last time and will not this time either. Not prepared to throw good money after bad. Unless this company starts selling oil and turns a profit it is headed for "penny dreadful" status. One of the worst investments I have ever made. Thankfully only a very small part of my holdings. Just waiting for the right time to sell for a tax loss.

Red