back to basics very nice, page-11

Fatosh

You can't tell me that most shareholders didn't have any inkling of this happening.

Look at the state of the world economy. 150 year old banks going bust, credit markets in America at an all time low (just about).

We were seeking a very large sum of money for something that was risky and would take years to develop and receive cash flow from. If you were one of the Pensador investors putting in $100mil, would you have the same mindset today as you did 6 months ago? Or would you consider pulling out until things around the globe settle down. I know which I would do.

Most should have seen this coming. And once again, I see this as a good thing that Pensador are no longer with us.

Cheers