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TonyMcFadden

11/24/03 12:16 AM

#20403 RE: SPIN #20397

SPINitup,

subterfuge?

At no time in during the 3Q CC was there reference to the cashflow breakeven point. Would have been interested in the response, but there was no question, so your guess is as much of a guess as my guess...

The increase in expected development costs, clearly detailed in the 10-Q are post 2Q.

I see no subterfuge. I see increased development costs.

Why is this a problem for you?

LOOK AT THE TIMELINE OF THE STATEMENTS FROM SKS and the 10-Q's.