>What do you think the book value of Enron was 3 months before it was trading for nothing.

I say that you are definitely drawing a wrong parallel here. Enron and its auditor Arthur Anderson has been cooking the books for years, and through the use of accounting loopholes, special purpose entities, and poor financial reporting, were able to hide billions in debt from failed deals and projects.

On the other hand Falcon has assets and no debts, there is cash on hand, and they are raising capital for the Beetaloo project. In addition, in Hungary there are interested parties looking at the Makó project, and I’m quite comfortable with that.