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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: fern1 who wrote (1219)	3/12/1999 9:47:00 PM
From: AL Berta	Read Replies (2) \| Respond to of 1288

All the "buttheads" in Vancouver do is raise money. Mostly it comes from close friends and associates of the promoters. How the money is spent is determined by Whitney Pasano and the general management of Westfort. Unfortunately, Mr. Pasano et-al, made some colossal mistakes. Several of the Directors and some individual investors, myself included, tried to impress Whitney with the idea that several Hosston wells (Johnny Rhodes)at $250,000 to $300,000 each were a much better investment than a single Norphlet at $2-$3 million. After pissing away the entire bank-roll, it appears that Mr. Pasano has belatedly decided that we were right and that cash should now be raised to facilitate a 10 well Hosston program. This is what the "buttheads" in Vancouver are now trying to accomplish. Personally, I think the current management has proven itself inept at picking the plays that will satisfy both the investor's expectations and the future need for cash. A division of power is necessary to ensure that Whitney is responsible for operations while someone else picks the plays and administers the company. It would be much easier to raise capital now if the company had invested it's $3 million in 8 Hosston wells over the last year and now had 1500 - 2000 bbls/day of production and the resulting $600,000 +/- in revenue monthly. If any of you can float the $3 -$4 million US that the "buttheads" in Vancouver are looking for to recapitalize your company, feel free to give them a call. Westfort shares once traded near $4.00 because of the efforts of the "buttheads". The reason it trades today below $0.50 is 100 percent attributable to Whitney Pasano and the operating management at Westfort Energy. Credit where credit is due. Regards, AL. P.S. Johnny Wanker...don't bother, I won't read it.