I was really pissed when I found out the PP money was not being reserved for drilling - that kept me from investing in the PP.  But from a business standpoint, it was the best use of the money at the time.  If Jim had not paid the bills all these years with whatever money he had, we probably would have lost the Arizona property by now.  At the moment, it is perfectly fine by me that he used the money the way he did.

You can't hang on to years old crap and keep banging people over the head with it.  You make business decisions based on what you know at the time.