burnt, page-6

No. We don't want a take over. What premium would we get?

Nobody will take us over. Like you said, we probably could do with a major cash injection in the order of $15mil. A major would first come on as a cornerstone investor. They are even excluded from the 20% takeover clause under those conditions.

So they could effectively stump up serious cash and come on at 40-50% major holding. Then takeover the remaining equity.

And anyone that thinks we will get a big premium think about it. A big pharma has the choice of licensing, JV, or T/O. They wont pay more than they need to.

If Thermalife is so good then just license it for other countries or buy 50 to 100% of Thermalife. It is a seperate entity and can be sold seperately.

The bottom line is the original Thermalife was a great product too. We know how that went. Yes things have changed. Improved formulation. Aging population. More awareness of side-effects. etc. But we need to be realistic in expectations.

Why do you think it's been such a struggle finding a distributor? Crossmark failed. Independant brokers seem to be an improvement but still store numbers well below pass level.

Finally got all the wholesalers onboard but it isn't translating to new stores. And once it does, it still needs to translate into actual sales.

Can we blame it all on lack of funds and specifically a lack of marketing?

Wouldn't the product speak for itself. Shouldn't we have attracted someone with large pockets wanting to profit from our product and lack of funds?