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BobSinCA

08/13/10 3:47 PM

#17094 RE: EarnestDD #17089

There is also no evidence that Malcolm has actually provided any rights to this technology to EEGC; just a stated intent in a press release almost a year ago, which said that a valuation study was being done to enable the parties to negotiate commercial terms.

The 2009 10-K and 2010 Q1 10-Q filed in June have no mention of any agreement -- which would be required as a 'related party transaction.'