First Bitcoin Capital Corp (BITCF)

[frin90rz]

I wouldn't say it's pretty lame, because I don't know yet what to think about it. I admit that I had hoped for a bigger and better known company to be involved. Although Regent looks to me like it has some potential, it is yet another speculative play, of a different kind maybe.

As far as Metallurgica, I don't know much about that, only that I think it was someone from Mexico. You're probably right, just a guy with a drill. It was enough to get GPGD to this point.

We knew there were engineering questions, but I assumed those would be answered before the merger announcement. As it happpens, this is not exactly a merger announcement, only an update along the path to the merger. It really only adds a name (Regent) to what we already knew, and sets a new timetable.

You are right that they are now asking shareholders to have even more patience, I think I can live with that. Keep in mind that KRY says they won't be producing gold until 2009, and that's only if the infamous permit is issued this quarter, which it probably won't be. A lot of things can go wrong, but I'm actually optimistic, especially once the terms of the deal are finalized.