Westrend Natural Gas - I.D.E. Hot Stock Message Board

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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock

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To: Leigh McBain who wrote (1462)	7/9/1998 9:43:00 PM
From: Ryan	Read Replies (1) of 2011

Leigh, I'm glad you're still optimistic and believe the company is doing things the right way. I'm not so sure I feel the same way. My guess is that mgmt. (ie. Ron Kalfon) are getting a lot of flack from those who took the placement at 0.90 and want it repriced. Those connected to Ron Kalfon are heard a lot louder than you or I. So they get their warrants repriced and Ron saves face with them. What about you and I and all the other investors that have supported the co. over the previous couple of years. We are faced with future dilution....not a good deal as far as I'm concerned. As for requiring the finances, it's been many quarters that we have been waiting for positive cash flow. Taylor rigs have announced positive earnings, so why the cash crunch?? $570,000 is supposedly peanuts to this co. but a 2,000,000 share dilution is not. I haven't sold but am pretty annoyed by the fact the mgmt. chose to say they would update us in a timely manner a few months ago and instead have chosen to stick their heads in the sand. The share price wouldn't be sub 30 cents if people could learn to trust the mgmt. They seem to have the direction but really lack in the public relations dept. -Ryan

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