Ann: 2011 Financial Statements , page-19

Woody: per previous. Skip all those pages and just go straight to the independent auditor report. Much shorter and basically tells the whole story.

For GNS to survive to prepare another financial report they have to achieve a whole bunch of stuff that is not particularly easy in the current market.

They have been good at pulling rabbits out of hats in the past, but this time they seem to need more rabbits than they appear to have hats.

Only time will tell.