Hi Geoff,

Thanks for posting that information.

I really wish I could change my opinion of this company; but, there is so much that bothers me about it that it pains me try to work through any success scenarios.

There are a lot of good people who have invested in Nanopierce. Most of whom we no longer hear from on the boards. That may be a sign.

Because of the things that haven`t happened, our only choice is to follow management`s changes in direction. I don`t know what information has been in the form of overly optimistic forecasts and projections, what part is based upon half-truths to lead shareholders along, and what (if any) is based upon lies. I only know that I have enough experience to know that I don`t take anything that is presented at face value. I feel mislead and betrayed.

When the dilution is done, and the side deals have been exectuted, the original shareholders will be left with even less than they now have... which in my case is about 2-1/2% of my original investment. If it were all invested in personal accounts, there wouldn`t be much of a decision about the sale of all of it right now. Unfortunately, the commercial losses that would be reflected by selling it all would be very damaging to the business` financials. That is the only reason I continue to hang on.

It will be a long time before the new joint venture can even talk about being profitable enough to affect shareholder value. With the added dilution and the details of the new joint venture a mystery to shareholders (I mean the real details), what hope is there that we will even be at our current (adjusted) share price two years from now? I have very little hope; but, maybe I`m just jaded.

I believe I was intentionally misled regarding the Intercell/Brunetti deal. That was the turning point with me. I now believe that management is in this for themselves.

It takes too much time and energy to try to understand what Nanopierce is actually doing, let alone try to understand what part of what we are being told is actually the truth.... the same kind of simple truth that we expect from our children and from others that mean so much to us. This investment has become a distration from the really important things in life... it is for that reason that I don`t see bankruptcy as being a bad thing. At least management would feel that same pain that many of us investors have felt, and those who may have invested in side deals in hopes of enriching themselves would get what they deserve. At least at that point there would be closure.

Buyer Beware

Jeff