BioStem Technologies Inc. (BSEM)

[Pour Bouy]

Good morning Militayman1, I wish I could agree with you, but unless we get into a sustained upward trend that would block any effort to pull the PPS down we are hopeless. Even then we will experience sales that will significantly reduce the PPS. Case in point: You may recall our last movement north (March or April 2011) the PPS was .048 +/- around noon. I took a break for lunch and when I returned found the PPS was .024 +/-. I looked for some reason for the reduction without success. Since that time the PPS has steadily declined to its present level.

I personally believe there is a conspiracy involving two or more individuals whose sole purpose is to cause the company to fail. WHY? I don't know.

We have several projects ready to pop and with the assistance of the Leiber group I firmly believe we will see a significant movement north. The issue as I see it is - will it be a sustainable movement? Progress can snowball as well as decline. My theory is - once we bring a major project to fruition others will follow in rapid succession.

The World economy is still our worst enemy and will continue to be so until Europe gets itself straighten out. My hope is that we can survive until that time. In my opinion CGAQ has been groping in the dark since day 2 of operations. I think you will agree that we have seen subtle improvements in our operating procedures in recent months leading me to believe we are on the right track (no pun intended) at last.

I feel certain the Leiber group will be able to identify our operating problems and recommend effective solutions. The problem currently is our lack of patience and the continual unknowing of what is being worked on. It takes a significant effort to analyze and evaluate our needs and the entire picture must be included in the analysis before an appropriate remedial solution can be established. So we wait. In the mean time the PPS continues to fall a thousandth or so at a time. I continue to hold my breath waiting for something solid to be announced. Each new day I tell myself "maybe today is the day". The only saving factor is one day it will be. That is my take on this company. I firmly believe it has much more to offer today then it did day one. We'll see where it goes from here. PB