Ann: Audit Update, page-15

Thanks fooca for your balanced and pragmatic post. Much had been written about the demise of FFX and understandably investors deserve to be informed to the extent possiible the reasons for the demise of FFX. I do not know what will play out with distribution of remaining cash reserves but I do hope that it is returned to investors as I believe FFX made the correct decision to stop funding the Morilla operation and walk away from the project. I dont believe we will ever know whether or not the enormous pool of cash that was transferred into Morilla was used well or not. I suspect that there was gross negligence in the way that funds were managed once transferred into Morilla.

I dont think we will ever know what happened.

Time to move on, the company should distribute the remaining cash in FFX and shares in LLL.

Cheers W2