Just got a call from Laurel Hill, asking if I had received my packages, and which way I was going to vote on the RS.

We talked for about 5 minutes, and I told him how I was not happy with NN and the BOD on the timing of this RS announcement and the release of the 43-101. I went on to tell him that if NN had the retail investors interests in mind, he would not have done it this way. The 43-101 could have been released first, which would have put our SP in the .20 range, and then if the RS was announced, we could have been looking at a 1 for 5 RS to put our SP over the $1 mark. He then stated that the RS may not even happen, that the board was only wanting to have that option. I replied, that I did not believe this for 1 second, if they have the power to do a RS, they will do it, and it will be at 1 for 10, and the only winners in this will be the institutions and NN/BOD.

He must have been looking at a shareholder list, because he was aware of how may shares I own, and he seemed to know, by his comments, that I have been invested in SPQ for many years.

My final comment was that I haven't decided yet which way I am going to vote.

kn