Starting December 1,2008 the burn rate will be minimal because we still have Nova Scotia contract,Manitoba contract,Bail Project,Correctional service of Canada contract and Saskatchewan contract.

Burn rate will be around $100 000 per quarter excluding some cost for acquisition or business combination.

with current burn rate they will have money for the next 10 years before going bankrupt.

book value is most likely cash...November 30,2008=$4 000 000 cash=$1.67 + assets(around $100 000)=around $4 100 000 shareholders's equity=$1.69 per share

Do the math and try to find a cheaper stock in the market with so little shares oustanding with an acquisition or business combination quitely possible.

A very healthy balance sheet for sure....