Funr (FUNR)

[SharonB]

Sam: Re banking facilities. As I understand it we only had Canadian banking facilities and the ILCO management was unhappy with the response time to arrive at a satisfactory conclusion. I believe it is the big business interests overshadowing small business deals syndrome, IMO.
At any rate we are dealing with establishing relations with North African banking institutions, governmental import/export officials, port authorities, etc. I can see why we might be having problems in timely executions and for that reason have been able to cut a little extra slack.
What I have a problem with is when the management makes a time estimate and do not meet that self imposed schedule and there is no response to that slippage. I believe we are due for an explanation and so far that is lacking.
We are a few days away from June and I sure hope we hear something before another timeline is passed without a proper response.
SharonB