Ann: Alexium Commercial Update, page-107

Been very tough for spec stocks in the last couple of years. I think it will only gain real traction once they can prove positive cash flows. Based on quarterly expenditure (actual and projected) and cash receipts, believe next quarterly announcement will show a loss of between $500k to $1mill due to the large increase in production costs (US$1.7mill projected) followed by a large uptick in cash receipts the following quarter due to increased sales, and hopefully to a cash positive state. Then market needs to see profitable state maintained. So still a road ahead and, in the meantime, some mistrusting or impatient souls may join the evil forces of the Blommer gang, but for the rest of us we just need to sit tight.