Ann: Letter to Optionholders, page-83

Hi Davisite,

While I am a holder of C.Y.P. I still think we are Speculative stock, as we have No Income.

But one thing, we do have and that is the get out of jail card.

We where allowed to bypass Phase 1 trial's and go, straight to Phase 2 and also go to Phase 3 trial's.

Just think about the Time and also the Money / Dilution we are able to save.

Of cause their is no guarantee in life, that C.Y.P. will succeed, but I rather be invested in this little gem that the other company, wondering why did Fuji Film decide to partner with us, in GVHD and no other company.

IMHO.

Regard's

Rossi70