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Charleoi

08/14/06 8:56 AM

#5862 RE: equityofficer #5861

I've emailed a direct (and easy to answer) question to Lutz. Although the answer is obvious, many here are in denial (evidenced by the "we don't know enough" comments").



Lutz- Here is a question, which I'm sure you'll agree investors deserve to know the answer to:

Question:

What % ownership does NMKT get in the Intercell/NMKT China merger. Specifically:
A. Confirm that the common stock holdings given to NMKT China investors in exchange for NMKT China is approx 8%.

B. State the NMKT % holdings of NMKT China.

C. What is the targeted/approximate conversion value of the $250k being invested in Preferred stock, given that Intercell's current market cap is $2.5million.

The above question pertains to stock/company ownership, not voting rights. There is no need for you to create an intentionally complicated answer by confusing the two.