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Message: What happened to the anticipated big news?

Yes, a few of my broker friends say meetings are arranged in Toronto and Montreal but still EARLY stage. What does this mean? First, he can't raise the capital in Vancouver because the well has run dry. In my opinion, there will be a very low priced financing, otherwise, take it or go back home, that is what the CEO will be confronted with. We are lucky the share structure is good, and issuing 30 to 50M shares at a nickel could still work, but if the share structure was bad, this would be looking at a 1:10 or 1:15 consolidation. Look around, everyone is either consolidating or putting in place consolidation approvals in case they need them. Planning is the name of the game and clearly now that we are well into August, the CEO is keeping a good face to anyone who calls but the reality is, the money isn't in the bag. We will all have to wait. As for drilling, this will also have to wait, no broker is going to rush in this market.

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