I just read your trip review and was very impressed as obviously were many others.

I only have one question. As we are all aware, the economic meltdown had devastating consequences for many of the juniors including KXL. Most juniors I own or follow have bounced back nicely and in some cases very well off their lows. KXL has not and is indeed hitting new 52 week lows.

In your opinion, is management fully cognisant of the hardship our current SP has caused. Do they have a rational explanation for our current SP and where do they see our SP in 6-12 months? I realize that no one has a crystal ball ,but if KXL is for real then the true value has to be realized at some point.

The truth is that anyone including retail, institutions, and insiders could be grabbing shares like crazy at these prices, raising the SP to reasonable levels and they are not!!

The question is, Why is our SP where it us from managements perspective?

Thanks for your great work!! Rico