As I've already posted, honest and sincere effort is worthy of praise, even if the endeavor ultimately fails due to adverse business circumstances.

I have spoken by phone with the new CFO appointed by MEO and he led me to believe sincere effort may be occurring. If that is so, we will see positive results in due course.

However:

- A year without reporting the financials

- almost a year of being in non-compliance with the stock exchange rules for lack of reporting that is routinely provided by thousands of other companies

- almost a year on "cease trade" status

These are hardly characteristics of sincere effort.

Demonstration of sincere and competent effort, reported to shareholders in a clear and timely manner, will be answered with appreciation and encouragement.

Banishment can be reversed by improved behavior. Let the stock exchange regulators continue to be our guide.

I personally hope we see improved performance demonstrated soon.