Research Pit

[lonestar1a1]

I spoke withe CFO of Tandem this week. They felt since the SEC was dragging this out so long and no move on anything, it was best to restructure the deal. There is $7.56 per share in escrow per common stock holder shares outside of the company. That would equate to .60 shares of Platinum shares or $4.50 per share. The Tandem execs would get their shares to equate to $2.13 per share. They hope the SEC will approve by end of year. If not, Tandem will stay as is but will be more aggressive in promoting the company and get it off the Pinks for starters. They do feel, however, that the deal has a better chance of getting approved as it has been restructured and sent to the SEC this week for approval. We shall see.