Hi all,

No i am still around. I post less since i sold my position, but i still chek out the news, stock and forum. I just dont have much positive to say... Shure they managed to get a 25% increase in the first quarter, but as i had predicted, they managed to still lose money. The increase brought the per share loss down from 3 to 2 cents, confirming the prediction a had made that they had to double their buisiness to turn a profit. I expect that the loss per share will go down some more when they issue the 10 million shares to their creditor. Of course this is only maths and is nothing to brag about since it will make it that much harder to bring an eventual per share profit up. ( it will dilute the loss, but will do the same to profits)... If all goes well, you can hope for a bounce around 2011. Lets be honest, even if the stock was to double to 0.08$ or triple to 0.12$, it's still a heck of a ways off the 1$ mark. To make it back to these levels, it will have to turn a per share profit of say, 0.05 to 0.1$ per share... taking into account the number of shares, thats 1.25M to 2.5M over a one year period, so least a 20M to 30M in gross. I just dont beleive they can make it there for a while, considering the current economic conditions.

Things can change, so i am still on the lookout, but it's going to be a long and hard way back!

Take care all!

Cef