John,
Market woes. A couple of things are obvious: slow down in earnings and the interest rate. Another factor, not obvious, is the financial crisis in foreign countries like Argentina, followed by Brazil, etc. Unlike the last crisis (Russian aid collapse, long term capital fund disaster, the Asian economy collapse) the current crises are worsened by the political instability in those countries. So... it may be a tougher one, this time around. US dollar is still strong, probably the safe haven in the world. If you add the Florida situation and the recent violence in Israel-Palestine, it can cause everyone some discomfort. But VLNC business goes on. 30 days to close the asset purchase with FTC. After the purchase is completed, Lev should start announcing licensing deals. May be, some potential licensees are already talking terms with VLNC.
Ram |
