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Thursday, October 16, 2008 5:39:49 PM
October 15, Sunray case is winding-up. We have been told that final distribution orders have been requested of the Receiver by the judge. The accountant told us that might happen next week. How long until we receive funds, or what amount, from then is not known to us but obviously it is on the near-term horizon. It won't be a large percentage of original investment but we welcome closing this sad chapter.
Our oil field services business is moving forward with five larger type oil companies needing services that we are preparing to provide.
Funding efforts on the mining ventures are moving along nicely through JV's and partnerships without diluting our common stock. We will enjoy nice carried interests and expect cash flows next year.
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