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mastaflash

02/19/08 3:50 PM

#101225 RE: nwsun #101221

There will never be enough in the filings to satisfy everyone. TM has put out what he has needed to put out. Some reading between the lines can be done, which yields different results, depending on which side of the fence you are on. If one is to believe that TM is not a crook, but in fact a victim, then, with that in mind, the filings pretty much tell you all you need to know. Some things to bear in mind:

1. TM is likely to look after his own interests. He is not going to fight an anti-NSS battle for us, nor will he try to take on the DTC and introduce reforms into the market. Having said that, he could have erased us from the face of the earth without so much as a howdy-do. It happens virtually every day in pennyland, and I count ourselves lucky that, so far at least, that is not part of his agenda here. What he has done so far, appears to be driven by 'suggestions' from the DTC, in order to be in a position to trade.

2. TM does not want to antagonize the DTC by making public his feelings about them.

3. TM is not going to give a heads up to the enemies of this company. He knows, as we all do, that something doesn't add up in the share count, and whoever made it that way, is not going to roll over. Best to keep them in the dark as far as possible. Why? Because, there is nothing to stop them from continuing to pi$$ on BCIT.

4. TM is not going to put out forward looking statements designed to give us a warm fuzzy feeling, but contain no substance. We already know he is courting potential merger candidates. Of course there is the disclaimer also.

In pennyland, filings trump PRs. PRs are next to worthless in my mind....they are mostly used to pump stocks, and even if they are not, often leave us with more questions than answers.