Hopefully RG will address those two areas in his preliminary speech before the phones are opened up for questions tomorrow...

the Q says...

While we are confident about our progress to close our transaction with Crossflo and to make continued progress on other opportunities, we need to remember that the acquisition process can be both complicated and time consuming, and there can be “false starts” resulting in no completed transaction as a consequence of the due diligence review, failure to close on key terms of the definitive agreement, changes in the business conditions of either company and other factors.

Meanwhile we read in the Cohen report that RG has dropped further involvement with NuPower and for additional acquisitions right now there are two possibilities.

1. In depth study (DD) may have stopped us from pursuing both items for now.

2. We're really low on money...only $7,000,000 in the till and remember more importantly..$3, 000,000 of that we just had to borrow on what was the 6.5Mm asset value deemed on the ARS...with that happening I am assuming both M&A and stock buybacks will come to a halt till our coffers can be replensihed...they need alot of that just for operating expenses now that they have taken on the Crossflo employeess and as the Q says...we have $230,000 that we are paying in retention bonuses for certain of those employees to saty until 2010. And don't forget another $429,000 that TPL will take from any revenue for their certian "services" they performed

Cash is tight till we can get more revenue...we are no longer a cash rich, no debt corporation for the time being.