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Re: veritas-twj post# 12167

Tuesday, 01/08/2008 8:34:01 PM

Tuesday, January 08, 2008 8:34:01 PM

Post# of 103302
Hey "V" & (ALL) ~~ EMAIL from MBB:

Very simply asked:

Threw the TA we have noticed another 60M increase.... care to help explain what its about??

and the reply is:


"We raise equity capital from time-to-time for the company when we deem
appropriate, which enables us to pursue the development of projects
like
Berlin and others we are working on. We have been raising capital in
small
increments, due to the low share price. If we had a higher share
price, and
I hope this is the case at some point in the near future, we would
simply do
a large private placement of equity with an institutional or strategic
investor and be done with it. There isn't anything nefarious or
underhanded
about what we are doing. I don't know what other pink sheet
companies/CEOs
do. We aren't them. All of my shares are in certificate form. I am
the
single largest investor in the company, having provided over $500k in
start-up capital, and I have never sold a share.

Having the capital we need allows us to pursue our development plans
and
that is what will grow the company and the share price. We run the
company
for the long-term, not for short term traders, so issuing shares for
growth
capital should not be an issue for anyone with a long-term investment
horizon. I expect we will continue to raise capital in the future and
I
have never suggested otherwise, so anyone with an issue with this
should
invest elsewhere.

We have no current plans for a reverse split or anything like that.
When we
hopefully uplist to the BB later this year we will assess where things
stand
at that time and make a decision on this.

Please post the above three paragraphs on your board if you deem
appropriate
so investors can be fully informed on this issue and understand our
perspective.

Thanks,

Mike
"

(Trust ME, I would not lie to YOU!!!) ;-0)

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