Ann: Voluntary Suspension Extension, page-50

Archer,

You describe the conundrum quite well. It becomes a case of credibility quite soon as expiry deadlines are upon us.

This could snowball either way and the issue (or luck) is that while there a billions of shares issued the portfolio is tightly held. We saw absolute minimal trading in the last 12 months, no 100+ million days to really add either down or upward pressure.

I think ECT is trying to build up some momentum and will go all out on re engaging existing and future shareholder as soon as both Partners ink the agreement. With all out I mean updates on next steps India, updates on Domestic, updates on Marketing Strategy etc....this could result in renewed interest and absolute reset. The 4.5 cents exercise seem high but IF all the ducks line up I can see this scenario unfolding.

On the other hand - any delay will keep this stock in suspension and will continue to make a mockery out of the partner relationship, the process, the confidence in the tech, the ability of our management team, the credibility of the Board and quite frankly me as a Shareholder.

Cheers,

DD