Twin Butte Energy Ltd TBTEF

Risk Return Relationship Has Been Affirmed

[DeeVeeKay]

When I bought this stock, there was a dividend rate (as compared with share price) that suggested it was risky even when oil prices were strong.  I accepted that risk and then watched an oil price downturn destroy that investment. I certainly did not agree with the Reignwood deal as it appeared to me that the TBE management were inherently conflicted in wanting to preserve personal wealth and deliver value to their prospective new employer. Now that the company's assets have been sold in an open market approach under judicial supervision, I am more comfortable that the equity was truly lost and that the previous management shared my fate on ultimate share price (zero or very nearly zero I suspect). I am sorry it happened, but I see no reason to protest. When you buy high risk equities, sometimes you lose. So be it.