PMB... You are right.

I have waited to respond.... I suppose I don`t want to make this any more of a battle than it has already become.

Maybe I should have qualified my opinion, and what it would take to give me the confidence to invest further in this company. I wouldn`t consider investing further unless something concrete was presented.... something that could be verified.

I have no confidence in forecasts and projections when they are based upon speculation. I believed before... and I lost, as did many others.

I will not take management`s word for anything. I want facts, and I want someone with the courage to stand by what they tell others.

My belief is that this loosely organized business alliance between Nanopierce/Xact (Bio-Agra) and Lowenkamp is the key to shareholders` success. There`s a lot of speculation about the potential for success with this relationship; but, I sure haven`t seen anything presented that gives investors any specific information that demonstrates exactly how that relationship will work. I won`t be the least bit surprised to be told in two years that the new joint venture failed because things didn`t work out the way the way the principals predicted. Without a specific gameplan, it won`t be a surprise. There may be a gameplan, just like there was probably a gameplan for previous ventures.... they were either light on details, or the execution failed. Without more concrete information that can be evaluated by shareholders, I see no reason to believe that this venture will be any different. I hope I`m pleasantly surprised.

This is all my personal opinion.

Thanks for taking the time to respond to me.

Take Care

Jeff