Yes, it has always been worrisome, but that is the risk one takes when investing in pinks, especially non-transparent pinks. As of right now, Michelex looks like a house of cards that is about to fall down. If Lacle returns from his trip with tales of great contracts, we will have to try to verify that the contracts are actually valid. As I'm sure you know, a typical pinky-management play is to produce 'contracts' that cannot be verified.