Ann: Trading Halt, page-7

Did you read the Annual Report? The challenging being Defense is they need to be a bit sensitive around any issues but overall at least they have replaced the CEO with a better and cheaper CEO and better other management and Directors. No doubt we've taken a big bath on our position in this one while funds and Highcom cut and ran. I didn't expect they had misallocated capital to the extent they would need to do another raise at this level and was prepared to be patient but now will need to decide whether to increase our position or take a substantial loss. The next SUAS RFI would be big for the company but I expect they will have some serious competition from the big global defense players who have been investing a lot of capital in R&D.