Lucero Energy Corp Com V.PSH

From the other board

[metzgf]

By: markrhead 11 May 2005, 08:29 PM EDT Msg. 1130 of 1130 Jump to msg. # I talked to Mr Cotter at length. The 20 million shares he says was for the 10% TX project in private placement. Brian was offered a seat on the board but refused without being given liability insurance. Said none of them have it because too expensive. David Ashby is an attorney who is not up to speed on the Oil & Gas business or PRRPF from what I got after talking with him who is up for a board seat. I don't think he owns any shares as he is new. The third board member, Neil Iverson, only has shares thru options granted, never buying in himself in the open market. They are requesting a couple of O&G people (maybe from McAlister) to be on the board, but they are waiting on the results of TX before accepting depending on results. From what I gather of the board, only Mr Cotter has a vested interest in PRRPF by putting his money where his mouth is. I want board members that are stockholders, and I don't mean by way of options granted for filling a seat at a meeting. Cotter seems like an honest guy and is also frustrated, but maybe a shakeup would be advantagous. Hannah having oversold the Alberta property cannot be fired as he is the partner in MI, which is screwed up as well. Seems like he should be held liable or something!