Panamax,

To quote from a recent post of mine:

“I was once a great supporter of MEO and I was taken in by BC's mirage…..In recent months I have become genuinely outraged by BC's treatment of shareholders. I hold MEO management's behavior up to comparison with the dozens of speculative stocks I've owned (and continue to own).”

As to your questions, I will only address #3 & #5.

#3 There are numerous ways to bleed a company to death and I don’t have access to detailed information such as whether someone’s brother-in-law is providing various large dollar goods and services to a company that I don’t manage. Without such evidence I have not and will not accuse anybody of specific financial dishonesty. But spending somewhere between $11-15M on a project that we helped fund by supporting shares at $0.10 or more, then withholding a detailed accounting of the expenditures and results for so long from shareholders is downright disrespectful, arrogant and suggestive of dishonesty.

#5 The ways to benefit from “bashing” MEO seem obvious to me. However, I am long MEO, I have never had a short position in MEO and I do not “bash” MEO. I want MEO to succeed and for its share price to rise as much as any other long position holder. However, I will not settle into a passive catatonic state like a sheep while the management of a company in which I invested ignores my (our) requests for reasonable disclosure. I will certainly disclose as much of the TRUE facts relating to my dealings with MEO management as I can and I will share my conclusions with other shareholders in any public forum which allows me the freedom to do so.

As you noted, I became cautious regarding MEO managements’ competence early this year, when Corker refused me a meeting with field personnel during a visit to Morgan County:

1. I gave him 2 months notice of my intention to travel during which he led me on.

2. I have a lifetime career’s worth of experience of being on dozens of oil/gas drilling projects and mine sites of various kinds.

3. I am very familiar with the risks and dangers, safety precautions and attire required around oil/gas drilling and have had training in such during my career.

4. Further knowledge comes from my dealings with service companies as a result of my family owning the mineral rights to oil/gas producing property in my vicinity.

5. There are literally hundreds of drilling/production locations within 100 miles of my home and I sometimes drive up on the locations to chat with drilling/production personnel in my vicinity. Because I know their business, understand their jargon, and I am always sensitive to their need to protect proprietary information, I am always treated with respect and hospitality on such sites. Not so with MEO. All I get there is excuses and secrecy. Why ? I want to know, don’t you ?

There's much more that has been said about MEO such as BC's taunts to shareholders that we had our chance to sell at $0.26 etc. Far too many to repeat here. It's all in the Agoracom archive. Other investors have felt strongly enough to complain to TSX and SEC.

Finally, I'll repeat another statement I've made before. If a company fails after an honest effort, we must dust ourselves off and throw our dice again without resentment. If a company fails because of malfeasance or incompetence, we should take every legal recourse available to avoid repetition of the offense by those responsible.