Newland,Thanks for your clarifications.For starters RG could...

Newland,

Thanks for your clarifications.

For starters RG could avoid making promises that he knows he cannot maintain (again). The quarterly was released on jan.25th with the following statement:

"...with approval expected in January 2012."

If RG didn't expect the approval to be granted in the next few days why make such statements? All this does is destroy shareholder confidence in the company, the management and that they'll ever see a cent of their investments back.

I am also worried that the good ole' story "Red Sky has sufficient cash reserves to fund the Talma pilot. The $3 million funding facility will provide flexibility
for the Company to pursue other commercial arrangements" (see announcement on sep. 27th 2011) was another fairytale. Otherwise, why else would there be this continuous drawdown of funds from YA global?

And re. the VWAP, in my books it has been at 0.007 the whole time that's why I asked.