Email from Keith and he is steamed.
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Yes it was surprising the pull back we had, no insiders or the company is selling stock. I don’t think people have really thought through what was said in the PR. We can sit around up there and wait for the weather to break or we can move up projects and do some repositioning of people and equipment and keep moving forward in KS. This pink sheet trading nonsense is really starting to become more of a problem than a benefit, and I have had about enough of it. I said we didn’t want to uplist to a larger exchange and still do not want to, but if this is what the pink sheet future holds for us on the pinks, then maybe we don’t need to be on the damned exchange and uplisting maybe should be considered in our best interest, because at the moment isn’t doing anything but freaking out long term and short term shareholders and I am getting tired of hearing the sky is falling because of it and negative sentiment, when there is no basis for it.
Basically being an armchair CEO is easy, because if they make a mistake it doesn’t count and speculation continues, but if I do internally it does count. The only thing I can say is if they don’t like the way the company is being run, then it is their investment and they need trade however they feel is right for themselves, but one thing I will not do is jeopardize what we have at hand, at doing disclosure before the time is right. Really it is that simple.
The leases? Do you realize we have done years of research in that area? I am not going to do any name dropping but 2001 I met with an old oilman over 90 years old, he was one of the old wildcatters that actually worked the rigs as a teenager, founded his own company, then proceeded to find and develop many of the prolific fields in Woodson County and the state of KS. The legacy he left, is one of the largest private independent oil companies in Kansas... he is in the KS oilman hall of fame. This man was kind enough to open up drilling records he actually noted when he drilled… stuff the KGS or anyone else has, he wouldn’t give me copies but, I took notes a lot of notes and as Metallurgist will tell you, he had tiny a glimpse of our "official" research when he came to the office. All of this old gentleman’s data has been referenced cross referenced and thought through for years and plans were made around both sources of data.
Bottom line? We are in the final phases of leasing, of course I intentionally down play the magnatude of it, in the near term we will not be talking in the terms of acres but square miles of land, exactly where years of research has already been done, we know what to expect. Think about it if I or Craig disclosed all the other information people are demanding at the moment, not only will years of research be at risk, but if a bidding war breaks out we could very easily find these leases getting away… the same people that are demanding us release all this information would then be the same ones screaming… ohhhh they lied to us or some such other BS.
Am I sounding irritated? Good!
Keith A.
