Ann: MoU with Gerdau S.A. to Open American Markets to PureGRAPH, page-77

I know one of the German shareholders has made contact with Mike (email), he suggested a few companies for FGR to contact. I believe Mike has followed up on the leads. These companies were mentioned to the previous management where no effort was made.

We are pretty much 2 years behind on our sales with Steelblue and ALT (pools). I would like to see a detailed update to shareholders explaining why these large contracts have been delayed.

I am keen to see the details of the possible CR that is expected to occur in March, IMO its really holding back the SP. I will be very annoyed if the CR price is lower than the FGROC option price of 25c. with FGR having between $4-6mil, I am keen to see the reason for the CR.