The best thing that QEC has going for it right now is the cash that they raised this spring. It would be foolhardy to start looking at acquisitions when this cash ensures their economic viability in this uncertain market. More than likely, better deals for M&A's will present themselves in the new year at much cheaper prices than would be paid for in the present. Cash is hard to raise right now, I am glad that it is currently not a worry for QEC. This adds enourmously to the value of the company when new potential investors are looking for places to invest. With that said, it has to be long term thinking. M&A's will be better in the future than in the present.

Johnyboy