Ann: Quarterly Cashflow Report, page-51

Honest answer is I don't know. List price was 25c so 20c would be a 20% discount to the IPO, my guess is only those selling below 25c have to sell so it depends on how many might be in this category as to the where the buyers balance out the selling pressure. Of course any sniff of positive news and I am sure the sell side will get cleaned up, unfortunately there is nothing vaguely worth sniffing at the moment. It is always hard to pick the bottom, I thought it would be around the mid 30s and that is where I bought my meager parcel. Clearly I was wrong. At some point buyers have to start seeing value here but currently SNG is a sellers market, it is very dangerous to catch a falling knife. gla