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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Gene Veinotte who wrote (1045)	12/3/1997 9:11:00 AM
From: Gene Veinotte	Read Replies (1) \| Respond to of 2011

Good Morning.........Yawn..................................................................... From Stockman Forum. Canada: Subject: WRN Fr: Bill Wrixon - Former IR Hi LeRoy, I received your email asking for some info on WRN. Actually, I seem to be getting a lot of calls at my Paxton office asking the same thing as of late. During the month of August, it was decided that the investor relations for WRN should be consolidated with its other operations in Texas. Makes sense; saves the company money and the IR rep will have their finger on the pulse of the Company. However, the program has been slow in coming. Investors phone me frustrated with the lack of corporate communication. I think that the reason for the delay boils down to value. IR is expensive, labour intensive and often ineffective. All public companies (OTC aside) have disclosure requirements which are designed to provide the investor with the fundamental information required to make an investment decision (i.e. auditted annuals, quarterlies and news releases that address material change). WRN adheres to reporting requirements ....Groan says you. I know but sometimes a company has to make a choice: do we spend money on getting our story out there or do we put the funds towards building a sustainable company?...Both would be ideal but answer me this: what benefits the legitimate long-term investor more; an asset that creates steady cash flow and increases EPS or an intangible IR program. In the end it is the health of the Company and shareholder value that matters; the market will respond to success (eventually). I am not denying that part of shareholder value is created through timely communication and in this respect, WRN is currently behind the eight ball. However, if you refer to the press release that addresses the Indonesian rig orders you must admit that until the rigs are delivered there ain't much more to say i.e. "we have put the second tire on the third rig and boy does it look good." What the investor has to look at is the time it takes to build the rigs, the money the company will make from the sale and the potential of future sales. If the company turns the rigs over quickly, makes a good buck in the process and secures another large order then things are looking up. I am no longer working for WRN, however I will say this: I am a shareholder and it was a pleasure working for Mark Roberts. I have faith in what WRN is trying to acheive and I know that everyone involved is committed to the success of the Company. In terms of the recent stock volatility, your guess is as good as mine. Best Regards, BW reply: BW, thank you for your frank input. Now why doesn't Mark just send us a note say twice a month on things happening. YOu know 1000's and 1000's of people will read it. It accomplishes two things. It keeps many of his investors updated (since many of them read our note) and it is cheap. All it would take Mark would be to sit down, write an update paragraph and forward it to me. And I don't get paid from him, wouldn't accept anything from him anyway, and he hits two birds with one stone. Pass it on and convince him it is a good idea. Thanks......LS zzzzzzzzzzzzzzzzzzzzzz