". However, now is about the right time to issue another few million stock options at a buck or so, have a couple of stellar releases, drive the price back to $2.50, have a refinancing and start all over again. Its all about cycles, and you have to know that when your ass gets sore its time to get off. I can feel a real pain coming on at $2.50."

I can follow all of your logic, Mike, and pretty much agree with it, except for the pain part. My argument is that this is the time to be buying any and all that one can scrape together enough to pay for, and maybe even use a bit of one's margin, if there is no cash available. If there are no games being played, and news does eventually come out and it is reasonable, and it will, we should see a decent bump from today's prices. If the games are afoot, and they are near driving the SP up in order to complete another financing, the possibilities are there for us, either way.

If one was in a position to purchase 100k shares at today's price, they would lay out $112k. If/when this bump takes place to the range of $2.50, one simply has to sell the 100k shares for market price and subscribe for the flo thru PP at possibly $2.80. this would result in a holding of approximately 89k shares, which have a hold on them of 4 months at a cost of $112k. The catch though is that one would have a tax writeoff on the $250k that was used to purchase the flo thru, which, if one was in the higher tax bracket would amount to approximately $112k. The net result would be a holding of 89k shares with essentially no cost.

If there are any doubters to this logic, I have all the paperwork to prove it. I just completed the cycle with SPQ.

Best regards

K