Poseidon Concepts Crp (POOSF)

[benchman]

Okay, so I spoke to IR. Anyone here can call. It's 1-800-842-4922.

I asked him about trading in the U.S. He said that as far as he knew the trading authorities here act independently of the ones in Canada, and that he has seen stocks halted in Canada continue to trade here. However, he said that he could not guarantee it would continue trading here, and was not knowledgeable about it beyond what he said to me.

As far as trading in Canada again. Once the financials have been re-filed, they should resume trading relatively quickly. However, they have to re-state the first three quarters, and also have to have their year end filing done by end of March. So he said there is a lot to do. They are working with Ernst and Young to complete them.

We talked about the lenders. He said that at this point there are a number of lenders who have been willing to talk to them, and he seemed to feel positive about that, but also added there are no guarantees.

Then he said that the management still feels they have a profitable business here, and that they just need to get past these hurdles.

Make of it what you will, and call if you want to verify or have more questions. I will keep watching to see if I want to get back in or not. I don't think they will file anything until end of March, but that's just my opinion.

GLTA