Tyrran,
I finally heard from Richard, who was in New York working on evaluating reverse merger candidates. He had at least two he was looking at, one Vietnamese and the other Chinese, and he seemed to be energized and very optimistic that he would have a letter of intent signed by the end of this year. His general tone seemed very upbeat, and although he was, as usual, very close-mouthed about giving specific information, I got the feeling that the signing of a letter of intent might not be all that far away, although that was stricly an impression and not conveyed to me by him.