Hi Chad,
I know you are in the process of reviewing your budget and drilling plans for VIT. Do you anticipate that your company will unveil these plans before the end of November when your merger plans are put up for a stockholder's vote? If so, when do you anticipate revealing your company's plans.
It imperative that shareholders have some guidance in regard to your budget and drilling plans. The way our stock is acting in the market, I assume that many investors are quite concerned about you running out of cash. I am seeing many drilling projects being cancelled and I have also seen a number of companies being forced to dilute their 100% ownership in viable drilling projects by forming joint ventures to share in the costs.
Lastly, has hole #12 been completed? Has hole #13 started drilling? If hole #12 has been completed, when do you anticipated drilling hole #14?.
Thanks,
Tom
Thanks Tom
I am working on a press release that I hope to release very shortly with an update on our activities
Chad
