John D was questioning UC's 55% last october and hasn't stopped. One thing I'll say is that is sure is persistent. Agoracom has posted UC's response, official response, twice. Yet still the questions continue. Would JD please post the text of the document that he is referring to that causes him concern? Would he please have his lawyer explain his concerns? All I've heard are questions but no fact on this issue. I think UC's response is clear... and here it is from last October:

Dear Shareholder,

Thank you for your inquiry. The following response was provided by UC Resources:

We are covered in our option agreement, we can spend our required amount at any time to earn that 55%....if anyone is interested in that land package they would have to come to us as we would have 55%, our option agreement can't be violated, and covers such provisions.  If we start to hit something interesting and decide to excellerate our agreement we have that option available as well.

Please see press release dated March 7, 2007 

Regards,

AGORACOM