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mfefree

04/20/14 8:00 AM

#51646 RE: Valiant #51645

Stokoe confirms that Hayes has informed him of the developments. So it seems to me that Stokoe doesn't know any more about the deal than we do. We don't learn anything new from this letter other than PWC knows only as much as we do. Until PWC sends us a letter saying that they have also been in contact with the other company and can also confirm the deal, we should assume that no one knows anything except Mr. Hayes. Because we haven't heard anything about SEC or the MPDD or FDA applications, the contact lenses deal begins to come into question. We have stopped seeing progress in these areas and are dependent on trusting what little information we have received about a deal that has been left to our imaginations.