Ann: December 2011 Quarterly Report , page-2

Not quite sure what to make of the quarterly.

Everything seems to be on track and the promise on those other areas still looks good but the quarterly came across a little bit subdued to me.

It may be the way I am reading it or the mood that I am in or it maybe just because the last quarter was filled with a lot of non exciting work or maybe the results they have are not as exciting as they expected or it may also be a deliberate tact given a capital raise must surely be due at least next quarter.

Dunno. I don't quite know what to make of it. I'll await Rogues wisdom on this. :-)