Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-31

"So when do you see this ponzi scheme or death spiral as you call it happening?

Why do you follow when you do not hold?"

I maintain that the SP is way over priced and there is no way the current MC is justified.

I follow because I am genuinely interested in how this will play out.

I have NEVER seen such serious conviction from a group of smart people that in the face of no real evidence that this will succeed....believe so strongly that it will.

Please dont get me wrong, I dont want to see this fail and I will gladly congratulate you all if somehow Fred pulls this off.

I just dont believe he will.

And now just like sitting through a terrible movie, I can't get up and walk out with only a few minutes remaining.

10x