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Re: silberesel post# 206

Tuesday, 05/17/2011 10:41:11 PM

Tuesday, May 17, 2011 10:41:11 PM

Post# of 656
Frankly, I don't know. I just know that he will return to US tonight and will have conference call with some institutional investors about the medical service company deal. He will stay in US for a week and then come back to Vietnam with an auditing team to verify and sign off the auditing report for PHILand Ranch. Once the auditing report is signed off and the LUR Certificate for Pointe91 is secured, then PHILand Ranch will submit for an upgrade from Open Market Segment to Entry Standard level. Subsequently, they will have two options: issue bond to raise capital for construction of Pointe91 or proceed with GEM Fund for the subscription agreement of up to 50 Million Euro.

Will keep all of you updated soon. GLTA.