3) It is my considered opinion that the cagey Mr. Novak wants the big prize. He has had a very unwieldy JV with KWG for quite a number of years, but that's the price of history and lawyers. If this doesn't make sense, trust me on it. But, the important point for me here is that the often difficult relationship with KWG is now being worked in the favor of SPQ.

I READ WITH INTEREST YOUR STATEMENT REGARDING WHAT MIGHT BE CONSIDERED A VEILED THREAT TO THE THE INTERESTS OF KWG SHAREHOLDERS AND SINCERELY HOPE THIS IS IDLE TALK AND THAT SPQ AND KWG CONTINUE TO HAVE A HARMONIOUS AND PROFITABLE RELATIONSHIP FOR ALL OUR BENEFIT. I MUST REGRETFULLY ADD THAT I DO NOT TRUST YOU, BUT I WISH YOU NO ILL EITHER. WHAT THE FUTURE HOLDS WE SHALL SEE BUT I HAVE NEVER BELIEVED THAT YOU CAN BUILD ONE COMPANY UP BY KNOCKING ANOTHER COMPANY DOWN. GOOD LUCK TO ALL OF US.