Ann: Quarterly Cashflow Report , page-5

I see the cost cutting extended to the Quarterly Report that looked like a last minute effort to me.

Yes there are 84M shares currently, just think when the shares hit.001 which they will one can buy the whole company for $84K.

I have a sneaking suspicion that when market cap drops below $500K there may be a takeover offer at .01 (1 cent) and I'll just bet management recommend it.

I would rather see the company to go into administration as our 4 GEL's in SA must be worth something, Panax paid $14.8M in 2008, the contracts with Bakrie must also have some value.

The market has valued this company way below liquidated asset value so my position is liquidate.