Mark, The word on the street is that the NewPower folks are getting further in trouble (ie) strange trading activity, etc.
Looks and smells a little like the old EES.
Couple of opps: 	- get another shareholder on-side and demand an Enron led audit to confirm financial and operating health; 	- followed up by hostile exit of mgt team if significant issues arise.
Issues: 	- obviously pushes us into another level of complicity/fiduciary in a blow up or bankruptcy not unlike the issues we faced with Kafus et al; however, given our continued interest a significant control issue could result in a significant acceleration of a write-off of our existing position plus any outstanding credit.
I would recommend we force the management team to submit to a detailed audit as a part of a united shareholder iniative - Lets discuss.
Rick Buy, what is our current credit position?
Greg/John, do you have a view on this one?
Rick Causey, we  probably need a more "permanent solution" ot the NewPower issue.
Regards

NewPower
Mark, The word on the street is that the NewPower folks are getting further in trouble (ie) strange trading activity, etc.
Looks and smells a little like the old EES.
Couple of opps: - get another shareholder on-side and demand an <COMPANY> led audit to confirm financial and operating health; - followed up by hostile exit of mgt team if significant issues arise.
Issues: - obviously pushes us into another level of complicity/fiduciary in a blow up or bankruptcy not unlike the issues we faced with Kafus et al; however, given our continued interest a significant control issue could result in a significant acceleration of a write-off of our existing position plus any outstanding credit.
I would recommend we force the management team to submit to a detailed audit as a part of a united shareholder iniative - Lets discuss.
Rick Buy, what is our current credit position?
Greg/John, do you have a view on this one?
Rick Causey, we probably need a more "permanent solution" ot the NewPower issue.
Regards
hostile exit mgt write existing position opps shareholder demand led audit ees couple causey probably confirm financial operating control issue result issues faced kafus newpower folks getting