GG:  Is this what you're referring to?

"As announced during the quarter, Petrolifera has been impacted by the recent problems in the Canadian asset backed commercial paper ("ABCP") market. We had invested funds (largely our IPO proceeds from 2005 and our warrant exercise proceeds from this year) on the advice of our Canadian banker and through its money market facilities. We made investments in what was rated by a Canadian bond-rating agency as R-1 High commercial paper. The key message of this rating was the implied assurance of principal recovery, with limited or virtually minimal likelihood of default, as liquidity for the issuers was represented to be supported by access to lender backstop arrangements to assure the issuers of continuing liquidity even with a mismatch of the maturities of their assets and liabilities. We were, then, investing prudently to earn a respectable return but with a primary emphasis on certainty of capital, until we needed the funds for our programs. Unfortunately, virtually the entire $35 billion Canadian ABCP market has fallen into a state of illiquidity or default since August 2007. At that time, Petrolifera had approximately $37.7 million of its cash invested in ABCP.

We are awaiting resolution of this situation. Initial efforts are focused on clearly identifying the assets in the various conduit trusts which issued the commercial paper. There will then be a determination of the "fair market value" of the underlying assets held by the conduit trusts who issued the ABCP. The next step would apparently be to monetize or otherwise securitize the assets and return all or a portion of the invested funds as cash or securities. We are also examining all of the legal options which could be required or exercised to ensure we recover our funds in as timely a manner as possible, without impairment if possible. At this writing, there can be no assurance we will be successful in our efforts. We have been verbally assured by our banker that we will be made "whole" once the valuation process is completed, but again there can be no assurance this outcome will be obtained."