1. Though I suspect the possibility of a significant short position in this stock, it is not my contention that ``shorts`` are responsible for all of NPCT`s woes ``since years.`` There are several reasons that I believe naked short selling caused NPCT some problems, and that matter is currently in the courts. Since it IS currently a legal matter, I have no need, nor desire to discuss it here. Time will tell.

2. As to your contention that the, yet to be announced, specific details of the pending reverse split will cause a retraction of the share price, I would say again, ``Time will tell.`` I suggest it will depend on the amount of news related to production, projected revenue, and deliveries of product, that are also announced. I`m looking for the share price to be moving up, but if I had a crystal ball, I would have waited 6 years before investing in this stock.

3. ``I would seriously consider doing my own DD and really researching all the things you mention...`` Snake, it`s a little hard to take a guy seriously who says, in essence, ``Don`t confuse me with the facts. My mind is made up.``

4. I wondered for the longest time why the guys at Xact Resources were willing to wait for so long while Nanopierce was working on the financing. In fact, I wondered about it so much that I bought a plane ticket and flew to Georgia, sat down across the desk from one of the principals and asked that very question. You know what he told me? He said, (I paraphrase) ``We really liked Paul Metzinger and Stan Richards. We believe they are good people, and wanted to be in business with them.``

As I have done my due diligence, I have begun to realize that work was not necessarily at a standstill while Nanopierce was arranging financing. The folks at Xact were not sitting around wringing their hands while they waited for money. There also were, I suspect, some timing issues that actually worked out very well for BioAgra. That, however, is only conjecture on my part, and could only have been seen by hindsight, anyway.

5. It is my understanding that there were a number of very serious financing offers that were made to Xact Resources, while they waited for Nanopierce. However, as we have already found out (several times) financing is expensive. Nobody stepped forward and said, ``Here is a million and a half dollars, go build a successful venture, and just pay us back when you get a chance.`` Every offer came with strings attached, and most of those strings involved controling interest in the company. Xact turned them down and waited for Nanopierce and their financing through Arizcan.

I have looked closely at the Arizcan deal. I do NOT believe, as you do, that it was ``just a way to bring money in for (Paul Metzinger) and his associates``.

There are sources of money that rape the company. We have experienced that enough already, thank you very much. I believe Arizcan has a vested interest in seeing this deal through successfully, and was, the most friendly financing available. I believe it has allowed Nanopierce to enter into the BioAgra joint venture to the benefit of all shareholders.

-zties