failing, page-30

re: failing and the alternative. I don't know what has been written on this thread but I did at one stage have a parcel of VCR.

It was stated in the last quareterly report from memory that VCR would need to go to the market for a placement probably during the third quarter due to cash burn. IMHO it is selling now by those that will be participating in the placement at a lower price that is causing weakness.

I don't know what price a placement will be made at, but I imagine around $1.00 which will be a big haircut for those that participated in the ABN Amro deal a year or so ago. Brokers buying now are probably either in on the placement and supporting the price for their client, or buying in anticipation of a rapid pick up once it is announced. All in my humble opinion. I do not hold.

regards
DF