[wcc]

Let me see if I can clarify some things for you guys.

This investment opportunity was brought to me through my accountant and other reliable sources. The person that represented the company put on a demonstration and we were allowed to see the companies financials. I let our attorney and our accountant look over the documents and they both liked what they saw and they even invested. They put in more than I did and they have received some money from the company, but I haven't seen a penny. Anyways, we invested the minimum amount just to try it out, because I kept saying the return on our investment was unrealistic and to me it was too good to be true. However all their documents supported the facts and the return.

The company buys real estate for oil exploration. They have offices here (MI), TX, LA, FL and some other places. Apparently from what I have heard through the grapevine, no real facts on this, but they made a bad purchase and there wasn't the amount of oil they thought was there. So now I do know that they are trying to sell the property. They keep tell me about these buyers and they string me along for months and then the deal falls through.

Now with the oil companies recording largest profits in history this company can't pay back investors. Just doesn't seem to add up for me.

I normally weigh the risks to the returns, but I also don't put out there more then I'm willing to lose. I guess that's a better way to put it. I've seen people go straight to the poor house cause of that.

I think that answers most of your questions.....

Like I said I already written off the money, it is just frustrating.