I actually liked the news from the 3rd quarter but I have a question re the warrants.

Expiry Date      Warrants               Exercise $

26 Nov 07          87,500                         0.50

26 Nov 07         260,002                        0.40

Could you tell us if these warrants have now been exercised.

If so, how many at 0.50 and how many at 0.40, and if not how many of them were allowed to expire.

As I read this, I wonder if part of the cause of our low share price is because of the exercise of warrants.