9 - of capital for our operations. We try to keep them fully and frankly informed about our company through financial reports, frequent meetings, and occasional field trips. We carry generous compensating balances, try to be more than fair in interest rate negotiations and conservative in any representations that we make. We try always to be mindful of the fact that, contrary to some public opinion, the banker is a human being and should be treated as such. We try to arm him with a proposal that he can present with pride to his credit committee, confident that it will never at a later date rise up to embarrass him. Because it illustrates a number of the principles and techniques that I would like to discuss, may I relate to you the financial history of the Lucky Mc Uranium Corporation. It breaks down into four financial stages. The Corporation was originally formed and stock was issued in exchange for assets - - unproven mining claims in Wyoming. Some additional stock was then sold for cash to certain companies in the mining field and to individuals who were hypnotized by the craze for penny uranium stocks prevailing at that time. The company quickly exhausted the little cash it had in perfecting its claims and in performing some drilling to prove whether these claims had any value. This preliminary drilling work was inconclusive but sufficiently encouraging to indicate the need for further exploration work that would cost several hundred thousand dollars. Funds of this magnitude could not be raised from the existing stockholders or the general public, and the management financed the second stage by entering into a contract with Utah Construction Company whereby the latter took an option on a controlling stock interest and agreed to perform certain exploration work, to arrange