Ann: Fourth Amendment to LDA Put Option Agreement, page-159

I, once again, Tony Dawe is missing in action. If u go to F/Fs post yesterday at 10.46, he nailed it in a few sentences. The ann had nothing to do with a lack of confidence in sales moving forward. It had everything to do with creating a safety net, to ensure that the funds are there to keep the business operating. That has to be the single most important responsibility of any mgt, in any company. The old saying of don't count ur chickens until they're hatched comes to mind. No matter how confident BRN mgt are in the possibility of commercial wins in the near future, they cannot assume revenue, until pen goes to paper. It would be highly irresponsible to do so, and could potentially put the company in a financially precarious position moving forward. Todays' trading suggests the panic of yesterday by the ill informed has subsided, and the smart money has started to buy back in. A simple e-mail to s/hs by the IR dept to allay unreasonable fears, and clear up any misconceptions , I would think would have been the order of the day. Alas, once again Tony has misread the temperature in the room. GLTA