Hello Tony.

As others, I also took note of our recent 1.5 cents low. If anything, the new low reinforces my previously stated contentions that, for the last three years, liquidity in our shares and a viable market for our shares are not realities.

All the daily records I reference go back to 21 September 2000. After that date and before last year, there were only four days that our shares traded as low as 2 cents. Even in terms of the light trading of the early years, the minuscule trading on those four days was more an anomaly than any kind of reality.

On 3 January 2001, 1000 shares traded for the day.
The opening was 2 cents. The close was 4 cents.
At an average price of 3 cents, approximately 30 dollars changed hands that day.
The rest of that January, all the trades were between 4 cents and 6 cents.

On 21 March 2001, 1000 shares traded for the day.
The opening was 2 cents. The close was 4 cents.
At an average price of 3 cents, approximately 30 dollars changed hands that day.
The rest of that March, all the trades were between 4 cents and 5 cents.

On 7 November 2001, 500 shares traded for the day.
The opening was 2 cents. The close was 7 cents.
At an average price of 4.5 cents, approximately 23 dollars changed hands that day.
The rest of that November, all the trades were between 3 cents and 7 cents.

On 19 November 2002, 500 shares traded for the day.
The opening was 2 cents. The close was 4 cents.
At an average price of 3 cents, approximately 15 dollars changed hands that day.
The rest of that November, all the trades were between 3 cents and 9 cents.

The total trading at 2 cents for all the years on record, before last year, was well under one hundred dollars. It is my contention that this kind of trading is not honest-to-goodness real trading. It is my belief that the odds are that real trading in FNC will recommence (but I’m the last one to say when).