Ann: Quarterly Activities Report , page-7

how about the writing on te wall just over 3 mill cash at end of last quarter a month ago ! outflows of * mll last quarter hell interest alone is 1 mill per quarter.

Reserves decrease Helper not economical

At the yearly the accountant stated clearly that there was no way to attribute a value to the supposed reserves and also questioned the viability of the company moving forward

We will be very very low on cash right now

for some reason the IRR was done by another company

For some reason they are negotiating with fortis and another bank about he loan ? why the need for another firm?

All these things spell doom I just can't see how any positives can be taken from any of this and not only that but the lack of info and statement that coversw their butt that they dont guarentee a sale or even that the board would sell if an offer was put before them.

One things for sur if we are going to be sold itwill be at a low price and if your holding its about to be diluted IF they can get more money. IF been the key word

Our debt is 50 mill and they will take first payment from any sale as will GS we have 350 mill shares a market cap that probably just covers our proven reserves with out the supposed upside.