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Message: Time and Sales at Close

I understand the 400,000 OPTIONS that were given to FRED in july of 2004, are the ones that expire on 7/1/09...( See, below)...

Option to Buy 7/1/2004 7/1/2009 Common Stock 400000 $0.23 D

The question I was expounding on why NOW, why not earlier FRED ecisded to file the documents below?...

Signatures
/s/ ALFRED FALK 1/21/2009
** Signature of Reporting Person Date

As someone here often say, "He knows something"...

Is he planning to excercise these option at $.23? YES, that is the only reason he would file the paper work...

Have the recent "Settlement" activities had an impact on his decision. I say YES to that one too...

It would be irrational to say that his knowledge of money coming in did not have an effect on his decision to file at this time...

Gil...

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