Ann: Quarterly Activities Report, page-124

No Matt,

Unless you really like punting I see no reason to put too much on the line at this point.(I allready did that when i thought we had a definate take over!!!) If the share is going to go to $5 in 10 years, buying it at 15c instead of 8c will still make me happy. Bought in at 34c and 7.9c. For now I am done. No more throwning bad money at this baby. I just hope management can pull it off and we are all happy.

Regards

Ace