Gateway Resources, Ltd. &
Gateway Resources U.S.A., Inc.
When I can get my dept down and have surplus cash flow, then I intend on implementing share buy backs and create an avenue for investors to exit from the company. However if I don't keep the company vibrant, there will be nothing to exit from. This is why I must put corporate priorities first as opposed to providing ways for shareholders to exit. However on a limited basis I may be able to consider this in 2009.
From 3 Nov 2007
Our intention in the long run is to end this relationship of private corporations owning private corporations. This double negative of share value confusion needs to be eliminated, so that each entity can be valued on its own merits. So we are working towards a deal that will enable movement of shares of both companies, and allow the floor to be leveled to the betterment of all parties concerned. However there is the distinct possibility that these two companies can continue to work together as partners in future investments via the new 100% subsidiary of Gateway Resources Ltd., Gateway Oil & Gas, Inc.