Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-12

If one reads the fine print, this is not as bad as the headline figure of a net cash loss of more than a million dollars suggests. The explanations make it clear that this is NOT a quick turn around story. This is money - I have invested - in a very tricky market. The explanations given sound plausible to me and not hyped up. Reading the report, I view it that they are INCHING to cash positive; so at least another quarter to go and probably one more.

I can see that some holders will take a run IF for some reason or another there is a spike. 20 cent range is well out of contention for the next few months. But, there is some patient money in the lower tens trying to get in. This stock has morphed from a speculative one into a real slow burner.

I am holding, but no appetite for more.