Victoria Lake Inc. (LVCA)

[ConferredDiligence]

G & S,

Good point,I agree, it sounds like a bad move. They were also touting the fact that they walked away with $1,200,000 with Ottterburn's termination of agreement, not seemingly concerned with losing 10 times that in Market Value! After speaking for about an hour with President/CEO David Kalenuik, I got the impression that this management panics for whatever reason when low on cash. He stated that this was the reason that they did that last PP @ $.15, they needed cash basically overnite.