June 12, 2011   More Frustration           

At the time we sent our last message to investors in April we were encouraged by the ruling of the Judge – over an objection by the State’s attorney – which granted the admissibility of  evidence from the Oswaldo trial in support of allegations we had made in our “Demanda”.  Because our attorney convinced us that this material was  crucial for a successful outcome, the decision was made to proceed with submission of our specific requests for documents.  We did so under the assumption that there would be a seamless continuation of the hearing phase of our case.  What a blunder!

Since that time we have managed to obtain all the letters generated by SUGEF as well as some documents directly from the case file of Oswaldo (all duly certified, of course).  This represents but a fraction of what we had expected.  Worst of all, it appears that we have lost our place in line.  The Court seems to have found better things to do.  Our attorney has been most apologetic for the delays, but  he has no better understanding than we have as to why this should be.  After starting so smoothly in February,  it is a big disappointment  to us that we should now face such uncertainty.

We have instructed our lawyer to advise the Court that we are ready to proceed without the other evidence we have asked for.  So far nothing has changed. 

Many of you may be prompted to ask,  “What else is new?” We should by now have learned to expect such setbacks. We appear to be left with no other alternative than to let the stars realign and hope that we hear from LEV when his statute of limitations has run out in July of next year.

As always, we will do our best to keep you posted.