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Message: New Math

Re: Location of MEO Lands

posted on Apr 05, 2008 07:03AM

Despite giving 5 weeks notice to MEO management, providing brokerage statement to prove that I'm a substantial stockholder and explaining that I am a retired oilfield/mining industry executive (therefore familiar with field operations and safety etc), MEO has provided nothing but excuses as to why they can not allow me access for a visit to any of the Morgan county locations, nor even a 20 minute meeting with field supervisor.

I'm still going on the trip within the next few days to check it out for myself. Over the years I've been investing, other resource companies have been very hospitable in touring me through their operations, without disturbing any progress on the work being done. IMHO MEO management is being unduly obsessive about confidentiality and liability issues, however that may turn out to be paranoia rather than incompetence. As I do with most of my significant investments, I'm going to try to find out if my investment is justified or whether Mark Twain was right ("a gold mine is a hole in the ground with a liar on top"). We planned to enjoy our retirement travelling and checking our investments adds to the fun and profit (sometimes). Since I do my own due diligence, I've rarely changed my investment position as a result of a location tour and I don't expect to bail out of MEO either, but I like to meet the folks to whom I have entrusted my hard-earned savings. Looks like I'll only meet them through my binoculars on this trip (ha !)

I'm not revealing exact details of my trip since MEO management reads these blogs/hubs as well as we do and if they want to play "Mission Impossible" so will I (although I don't think I'll need to resort to make-up and a disguise).

Will report in due course.

M.

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