We all feel a little despondent about the loss of wealth suffered across the board in this financial crisis. However, when judging the leadership, look at what they say relative to what they control as well as the costs/implications of saying the wrong thing at the wrong time. Some of my stock as well is pre VMS (REM ?) . To barge ahead with spending in this environment, not knowing what your strategic partner (competitor ?) will do when would be foolish. With the current lack of visibilty, he said effectively "We need a little more visibility but things are coming together and we are trying not to risk our treasury while protecting value." It is what we should expect for the next few weeks.