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Re: scupscup post# 182313

Friday, 03/09/2012 1:31:49 PM

Friday, March 09, 2012 1:31:49 PM

Post# of 241059
On the subject of refinancing, we are confident that we have identified advisors whose track record, ability to understand our objectives and proven contacts are of sufficient quality to proceed with preparation of a formal proposal to appropriate candidates that are already known. Over the next 90 days there will be a great deal of work going on to complete this. The most important vetting condition on our end was to prevent a reverse split as a condition of the funding, and that the funding be sufficient in scope to enable an end to 504 funding. An ability to end 504 funding will no doubt bode well for the removal of the partial chill in due course.

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