For Gator
posted on
Aug 31, 2010 06:24PM
Investor Inquiries: 604-649-0080
Dear Mr Brown,
(Beloved CEO of Montello),
1. May I trouble you to spend a few moments to disclose the results and consequent potential of Morgan Highpoint exploration on which $10+M was spent to drill ? I figured you wouldn't mind since thousands of oil/gas producers make such projections and routinely inform their shareholders accordingly.
2. Having invested thousands of dollars in MEO, may I humbly request your projection of when a drop or two of fossil fuels might be marketed profitably by the company you "manage" ?
3. Sorry to bother you, but could you explain how the multiple lawsuits (Noble Drilling Company, Pennine Petroleum etc.) will generate income for MEO ?
4. Do you have time for a tribute to the former "partners" of MEO who are now bankrupt/insolvent (Park Place, Black Rock etc.) ?
5. Would you hazard a guess as to when MEO will comply with the simple financial reporting required by TSX-V as thousands of other companies routinely do each fiscal quarter ?
6. Pardon my curiosity, but do you have any plans to engage any personnel at all with demonstrated competence in producing either a product or service, PROFITABLY ?
7. Please forgive me for reminding you that the assets you are selling to cover your paycheck and expenses were in place when you were hired. Since you don't appear to be adding any value that can be converted to PROFIT, is selling assets likely to be a sustainable survival tactic ? How long can we continue to pay your salary and expenses at the current burn rate ?
At less than a cent per share, things can't get much worse but I am interested in knowing if you have any strategic plans beyond the weekend ?
An example of Brilliant and Incisive Problem Solving from the June Press Release:
"Pincher Creek
The company has new information pertaining to the operation of the 1-11 well and the status of the pipeline. Pennine was unsuccessful in its application for the pipeline extension; in turn, a new license will be applied for. The company will advise its shareholders of any new developments as soon as it has information.
ON BEHALF OF THE BOARD OF DIRECTORS
"Peter C. Brown" Peter C .Brown President-CEO-Chairman "