Hi... I may be the only one on these boards who is confused by what this prospectus really represents; but, in case I am not the only one who would appreciate the condensed version of this, can one of the financial gurus here please help explain a few things?

The way I read this, none of the proceeds from the sale of the stock offered by this prospectus will flow into Nanopierce`s bank account. True?

What does this prospectus have to do with individuals or private entities unrelated to Nanopierce and their sale of stock purchased in private placement deals (including warrants)? Is a prospectus required for the sale of those securities? If not, what is the purpose of this prospectus.

If none of the cash generated by the sale of the securities listed in the prospectus flows back to Nanopierce, where will the capital come from to finalize the Xact deal? Will more stock (and more warrants) be issued?

And on the sore side.... I wish I was in the ``introducing`` business. Not a bad gig for a bunch of people and entities who are unknown to the stockholders, and who have more stock than probably any single long on these boards. (Did I read it too quickly, or did one entity get rewarded for introducing Nanopierce to another entity whose sole purpose was an introduction to someone else?)

I hope someone can put this into ``Investing for Dummies`` type terms, because it sure doesn`t make much sense to me. Like the Bull said, who the heck would want to invest much money in the company after reading that prospectus.

I just don`t get it. 24 pages of legal documents in which only a couple of paragraphs were offered to present Nanopierce`s current business... everything else was warnings and more complicated financial deals.

Jeff