and what do they need to raise money for at the moment? the money to build the pipeline has already been set aside,,,revenue after completion $50k-$100k per month,,,they should be able to live on that,,,MEO's $240k is 40% of $600k, should be able to recomplete more than 1 oil well in TN with $600k,,,they already said they are doing nothing at the moment with the gas wells,,,

imo if a rollback was done at this time, in this economy, the sp would take a dive and we would soon be back over 100 million shares with little monies raised,,,

PB stated in the Powerpoint Presentation "Montello intends to do a larger equity financing when the production in Pincher Creek has stabilized in order to fund its existing projects and the ongoing growth of the company". They will have to do a rollback to do a "larger equity financing" however if the rollback is done now, the "equity financing" done later in the year could put MEO back into the 100 million + shares again,,,

wait and talk about a rollback after Pincher has stabilized and at least 1 well has been recompleted and is producing in TN,,,

this concerned existing investor has not even had a response from PB regarding the "sensitive info", so I would not count on a rights offering,,,

glta

SunSeeker