February 29, 2008---supposed to be funded within 36 hours

Received you mail a little while ago.. and to be fair.. can understand your frustrations.. and as you rightfully point out.. we have been as frustrated as you guys for the same reasons.. and others.. however to get right down to it.. I can advise you as follows:1. The Bank Guarantee (as attached) has been sent to our bankers (via HSBC - just like Gil said) and they (HSBC) have confirmed to my bankers that they have received it and are working as quick as they can to get it moved over to my bank and bankers. Once confirmed that the bankers have it on hand and all is okay with it.. (and I have absolutely no concerns about this at this time.. I know the client and the bankers that this has come from.. and they are SOLID..!! as above once confirmed.. I will have the cash to settle you (and our other clients) within 36 hours..2. additionally I have another Bank Guarantee (of which I am holding the MT799 transfer copies) arriving at our bank in Vienna which has come to me via Dresdner Bank in Germany.. and similarly to the situation in ( 1 above) as soon as the BG is confirmed as being on hand we will have the cash in 36 hours.. as above I know the client who in this instance happens to be the United Nations.. they have put up a chunk of cash for a project and our client (who happens to be the Finance minister for that country ) is investing it with us. for a twelve month period.. we help to build the school and hospital as a result of our profits from the investment and at the end of the 12 month term we give him a large chunk of cash monies to build other infrastructure in his country and also put the BG back in his hands..Client #3, as above it has been a struggle for you, me Gil and everyone else.. aside from dealing with a few delusional brokers in the USA.. making all sorts of weird and wonderful statements simply to get folks off the phone.. while making life so much more difficult for those of us working to make these projects and funding happen for everyone. While we might be 10,000 kilometres away we are very aware of the financial difficulties that folks are finding themselves in all over the country.. while most folks in USA only know of New Zealand from the "Lord of the Rings" or Zena or whatever.. we know the States on a minute by minute basis.. we have CNN, CNBC , NBC etc all arriving down here live 24 hours a day.. and are very aware of exactly how tough it is.. We will be doing absolutely everything possible to move this forward in any way possible.. but please be assured.. this is the truth.. and nothing but..I personally expect to have this wrapped up and completed during the early part of next week and will endeavour to keep you updated either directly as time permits or via Gil.. who is getting a copy of this so he knows exactly what i have told you..Best regards, Paul.