Ann: Trading Halt, page-7

Hi Grand

The flip side to your argument is that the next day you could be 33% up. But that is irrelevant. With no run on the board, who would want to pay a 50% premium? Oh let me guess, a consolidation will take care of that and presto people will fall over themselves to buy at a premium. What positive announcements have we had to excite buyers? The only thing that is keeping us afloat is the low price.

I think the share registry is the least of our worries right now.
I would suggest you look at their latest presentation. 10% gross margin. have you any idea what that means? Reiner tried to put a positive spin on this on the basis that fixed costs may be high because of low volume. This argument made sense, until you remember that they have expanded manufacturing facilities a number of times. This means in fact that the manufacturing fixed costs are actually low and the high costs must be the raw materials. They manufacture in China, so its not wages.

And, I agree with Mack. We are doing a capital raising before a merger in which we give up a majority? I hope they are going to release details of the merger before they proceed.
Unless we get to see compelling figures for the merger, who is going to give up their hard earned?

Pear