New Chairman's MessageMon Jan 23, 2006
Important Notice Regarding Tan Range Options Trading
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Dear Tan Range Shareholders:
A note to shareholders concerning the recent listing of Tan Range options for trading on the Chicago Board of Options Exchange and the Pacific Coast Stock Exchange.
Welcome to modern markets where your company trades on multiple exchanges in many diverse ways. You should know by now my feelings about options trading which I define as purely speculative paper. Investment counsel advises me that these exchanges have the right to list any public company for option trading that they see fit.
My plan is simple and that is to do everything possible to keep all dealings in our shares on a level playing ground. The key to that, as I see it, is to expand the exchanges that list our company for option trading, creating a competitive environment that will serve to wash out the wrinkles that options tend to carry with them. Accordingly, I have requested the AMEX to also list options trading for Tan Range. I will not stop there and will seek even further expansion of this trade.
The Chicago Board of Options Exchange is planning to open options trading on all their products 22 hours per day. You insomniacs out there can trade Tan Range even in the late hours of the night or early hours in the morning no matter where you are. It doesn't get better than that!
Respectfully,
Jim Sinclair, CEO & Chairman