coma continues, page-6

I attended the meeting. The BOD are being super super super risk adverse. Hence no project yet. The skeletons in the closet have not reared their heads to date so they hope that those issues have passed. The possible liquidation event has been and gone. A few projects have come and passed second base and rejected. They could have participated in a couple of IPOs that they are glad that they didn't (we would have lost 25-40% of our war chest.

The problem we do have is too much money. They may consider a means to reduce that. In that event you will not get full value (5.1 cents a share).

The possibility going to delisting at the end of the suspension period is not an issue to them as the red tape to end the suspension is almost as much the same as to relist.

The feeling that I got is that they want to find something that will make a good return with absolutely zero risk.