second quarter report, page-8

re: second quarter report/comments They are not spending that much considering the work in hand: $0.96 mill to run everything.

Their cash reserves are higher than I thought: $4.4 mill.

Someone suggested that this would be enough for a year. That suggests unkindly there won't be any income.

I am not too sure how the TS arrangement will be but I did read that the previous sign holder had to pay in advance (before he went bankrupt).

The contract for TS could be for 5 years and it is possible that the parties may pay ahead by more than one year.

Something to think about.

Gerry