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Gold/Mining/Energy : Tracer Petroleum (TCXXF) -- Ignore unavailable to you. Want to Upgrade?

To: drrobinson who wrote (997)	5/6/1999 6:48:00 PM
From: Peter G. Troyan	Read Replies (2) \| Respond to of 1261

A broken promise... How about the private placement for I believe 1.2 million that you never put up? That, to me is a huge broken promise.

To: drrobinson who wrote (997)	5/6/1999 9:23:00 PM
From: Midwesterner	Read Replies (2) \| Respond to of 1261

When I say "it's an accumulation of all the wasted time, broken promises, loss of share value, etc. that has not only these two disgusted, but the rest of us as well", I'm not referring to you personally, but to all of the Tracer management. As for you, you've been more like a deaf and dumb indian and we've not heard anything from you publicly. Even your "appointment" was in the 3rd paragraph of a press release. You state that you "worked harder than anyone back in Feb. to try and get the price up over $1", I suggest you get back to work. Forget about this board and get into the boardroom. Get the stock up over a dollar and get some income producing property. Next week is soon enough. Pete commented about obtaining some producing property and you merely dismissed him with a slight of hand comment. Knowing what you and your cronies were dealing with and knowing the amount of time it takes, you have a lot of nerve telling Pete that the domestic production is very doable, but would make Tracer just another little domestic oil company like all the others. At least maybe we could pay our bills and perhaps have a positive EPS which translates into over $1.00 share value. What we needed when you came aboard was cash flow! What we got was an agreement with a country that to me is in a hostile environment. "But at 3 cents a barrel I suppose it's worth the gamble" Can't wait until Iraq does something really stupid again and Iran jumps into it, then Saudi Arabia gets pulled into it. (and you know that can happen) IMHO, that's even a worst place than Indonesia. But how long will that last and if that part of the country blows up, then what? We've lost everything. What we do have now is zero positive cash flow, no income, and still experiencing a drain on cash flow with salaries, ect. What we got was people that seemed to be related or worked at the same places together before. (and that makes us VERY nervous) If in your own terms you state these things take time, so why would you not insure an income to support expenses before making these long term deals. Don't tell me those of you on the board didn't know this problem of a dropping stock price was coming because no one with even a half of a brain would believe that one. And if you and others currently on the board are not able to devote yourselfs full time to our company, if your to busy working with other things, we don't need you. I'm 60, work an average of 60 hours per week and sometimes more when it's necessary including some weekends. That's commitment. Anything short of that is not acceptable to me. You personally may not like it, but you took the position and now you'll take the heat, like it or not. Stop concerning yourself at this point what's going to happen next month at the meeting, work on our share price. (If what you did was legal) If you did it once, you can do it again. Get us some cash flow. Try making us another little domestic oil company with cash flow while we chase the big ones. Stop telling us Rome wasn't built in a day. Do something positive and let us know your alive. You must earn the shareholders respect, it won't be given freely. By the way, are you going to tell me what happened to Steve Jocobs? Is he still alive and still with Tracer? What happened to his "deals"? Do you know what I'm talking about? Have you read past company press releases? Why didn't you answer that last time I asked?