Please note the first sentence in paragraph three.

"If the Share Consolidation Resolution is approved, the Consolidation will be implemented only upon a determination by the Board that the Consolidation is in the best interests of the Company and its shareholders at that time."

Neil Novak has made it very clear to me on several occasions that he and the BOD want the ability to implement a Consolidation only when it is in the best interests of the Company and its shareholders. This was the intent in 2006 (and the Consolidation got voted down) and it seems to be the intent right now. So it is not a sure thing.

I believe this NR is strategic. Remember Cliffs lurks in the background.

There will be some very strong feelings and discussion on this issue. However, I suggest that everyone read, mark, and inwardly digest all of the points without "blowing a gasket" right off the top. I know of two retail investors who are well-respected on this SPQ AG board, one of whom is dead set againsts any discussion of Consolidation, and one would shares the feelings of Neil and the BOD - ie., the option to implement a Consolidation, if necessary. So I humbly suggest you read all comments carefully.

And who knows, perhaps the SP will be a $1.50 before the AGM and before any Consolidation is necessary. In fact, it's entirely possible we'll bust through 15 cents early next week. As I said, I believe this NR is strategic.

All IMHO.

Snug