Ann: Update on FAR RSSD project sale, page-7

It can't be more of a waste than the money spent on the legal genius (or more than one) who advised on:

1. The joint venture agreement and the failure to close the loophole on sale of shares versus sale of interest.

2. The complete waste of pursuing WPL in arbitration.

3. Entering into whatever lies behind the condition precedent and failing to incorporate a cancellation clause.

However, I can't form a reasonable judgement on whether the money spent on satisfying the condition precedent is worthwhile until we know the cost. If it leaves us with nothing or very little in the bank, I predict there will be much anger.