Ann: Quarterly Activities and Cashflow Report, page-40

the main opportunity is with swapping out diluent for multi flow to decrease extraction, transportation and heating costs. anything to reduce costs of production or transport are a no-brainer irrespective of how tight or fat operating margins are. the agent distribution model the Board has adopted ensures we are lean whilst looking for the lucrative first ongoing deal and ensures that there are always multiple prospects at similar phases in the funnel. even if a company wanted to buy out the company and the IP - that's not a bad result for shareholders as the Board hold so much of the company and any control transaction will require shareholder approval. I noticed that our chairman put in $250k during the last cap raise - another good sign.