Dear __________,
Thanks for your email.
We’re in the midst of lease negotiations right now but I can comment generally:
Two days ago, more shares were issued to comply with our press release dated May 1st, 2006, announcing details of the first stage of Nevtah’s and Black Sands’ merger. This addition, in accordance with the 35% share exchange, would bring the total shares outstanding to 79,000,000 (20,600,000 added). The net effect of the new shares does not affect company value on either side of the merger. This revised share total will be reflected on the company’s website next week, when we do our updating. To infer that there’s something sinister in not having an exact number of shares posted on a daily basis is patently ridiculous. The merger of the two companies is an important, major step in streamlining proprietary patent ownership, property leases and technology rights for all parties concerned, including shareholders.
The lease situation is presently being reorganized on several fronts. Nevtah/Black Sands currently have the leases they claim to have. These leases may or may not be registered in Nevtah’s or Black Sands names, but in several cases, they are listed under one or more corporate banners representing Mr. Glinton and/or the two companies. Extensions have currently been applied for all six Asphalt Ridge leases. A couple of leases now held within the PR Spring area may not be pursued due to possible mining difficulties or higher extraction costs. Nevtah/Black Sands are currently in negotiations with the owners of several privately held leases in the Sunnyside area (which probably has the most potential of all three areas). Several of these privately-held leases have been offered to the companies and are extremely large in reserve totals. Obtaining these private leases will greatly streamline the permitting aspects, which will in turn expedite the commencement of mining on these properties. The companies will not divulge at this time where these leases are due to competitive reasons, but we can state that announcements will be made in the near future that will triple or quadruple the overall reserve numbers presently held under our current leases.
We are getting an incredible reaction from various groups and the subsequent demonstrations that have been conducted all week. We’re expecting joint venture proposals from several groups at this time. The plant will remain in Oklahoma until these demos are complete.
I hope this clears up any misgivings about the direction of the Company and defines the incredible future that is unfolding before us!
Thanks for your continuing interest in Nevtah.
Regards,
Paul Davey
Investor Services
Nevtah Capital Management |
