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WHP03

04/28/03 4:27 PM

#11217 RE: austin01 #11188

Austin -

I am as long as they get with NVI. I have never liked or appreciated the way the mgt team compensates themselves given their historical output and it's impact on shareholder value and share price. I believe they have a technology that will eventually improve the shareprice assuming they are successful in earning the capital funding they need to move the project forward. It has been about funding for a long time. Credibility has a lot to do with whether or not funding is obtained.

More cautious - not really. As realistic as ever, always. Impatient like everyone else - yes, but rightfully so in my opinion.

Bill