trading halt, page-6

Dapper

we will know soon enough. I don't think we can be certain that it was lack of confidence on the directors' part that stopped the option uptake. as far as I knowe confidence is high.

I thik that a real factor was the availability of money. Goody I believe has 18 mill of options which is about $5-6 mill in cash, quite a lot. Had he sold shares to purchase it would have depressed the market and been in the end a pointless exchange of scrip. It would have also have given him even more shares than the 36 mill he has which I think is a real negative for the company and too many for a single shareholder.

I remain cautiously optimistic but as always hopeful

Lex