Hello team:

Today I wanted to take a few clips from the 8k filing and expand/speculate.

Quote #1: "The closing of the merger is contingent on a variety of factors, including the engagement of an investment bank to arrange for sufficient financing of Newco, conversion by the existing Lantis Laser note holders into shares of Lantis Laser common stock."

Quote #2: "The parties to the LOI have agreed to a period of exclusivity under which neither party will seek to sell any of its assets or its business to another person through December 31, 2010, the latest date for closing of the merger under the LOI."

The only financial blemish I can attach to LLSR is that they have been unable to pay the interest to investors that participated on a 2nd Private Placement Note through Garden State Securities for about the last 2 years. That is one of my reasons why I have been suggesting that the company has been idle for the same time period implying that if they don't have funds to pay investors on their interest bearing note, then they don't have funds to continue tooling Beta Units.

As I suspected that the mysterious "Investment Bank" has naturally identified this issue as a problem during their due diligence, I made contact with my sources at GSS to see if LLSR was in discussions on how to resolve this issue.... as GSS needs to be a part of the solution team since it is their clients who funded the 2nd private placement round. Good news... I'm hearing that the terms have been finalized, should be offering a favorable compensation package to resolve the late interest issue and LLSR or GSS will be making contact with that group of investors. If any of you participated in the 2nd private placement (includes a 5% interest bearing note), I encourage you to contact LLSR or GSS to ensure they have your correct mailing address. If you have any questions, send me a private message as I participated in this investment round.

Once this group of shareholders sign the compensation agreement and return back to LLSR or GSS.... and I'm hearing it is very favorable.... this issue will be deemed closed and the Investment Bank will move towards to the next step in the funding process.

Now... let's take a look at the merger deadline of end of December.... that is just short of 6 months .... I believe this time period is a conservative window as the interest issue should be resolved before the end of July.... my guess is that both companies along with the Investment Bank believe that funding could be available within 3 months and Stan/Barry agreed that doubling the LOI to merge deadline an additional 3 months gives them plenty of wiggle room should there be any unplanned delays along the way (anyway.. if things are going well but they run into the end of December time-frame they would just agree to extend the LOI agreement).... so you hear it here first.... I believe that the "NewCo"... which is just a placeholder name for a "new company".... will get funding in ~ 3 months... so I'm going to say mid-September..... anyone want to make their guess and we can compare down the road?

Finally..... I think we should all start offering suggestions for the new company's name... you never no..... your idea may grow legs..... I'll think about a few options and bring mine to the table next week.

As I sometime see into the future, they call me,

Enlightened