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Anvil

10/08/09 8:10 PM

#40524 RE: xanadu #40523

IMO, FWIW, BCND us broke and from my prior experience, mainstream pr's are costly not only to issue but generally need legal review. I am a cfo for a small tsx-v company. I recently joined to turn it around and when I issued the management change pr via marketwire, I got a bill for $800. I found they charge per issuance and per word.

Subsequently, I hired an IR that has a discount, now pr's are $300.

But I digressed. My guess is Rick is a one man show and most likely the only full time employee of BCND. Which is okay, you need to crawl before you walk. The collection of assets the company has most likely has limited promise, with exception of the factory. Again, imo, this is the make or break asset. If they can't get the $5MM with the permits, parties over until next shell owner.