Interups Inc (ITUP)

[RealDutch]

Karlacorn, the final step in the process (getting FEMA approval in India) can take up to 90 days. We are well past 30 days now. Probably half-way. However, if we don't get any inquiries from the central bank by tomorrow then it was said by our lawyers in India that the money will be released on February 16. We should have that update in a few days. Even then, I think we need 2-3 weeks in escrow in order to double that money from $54M to $108M with help of a financial partner (dollar for dollar match).

So we are probably looking at March when the dividend will be paid. I don't see how it can happen in February. The important thing is to get the first cross-border transaction done. Then subsequent transfers, which we are also planning, will be a lot quicker.