I went back to the notes I took as Kevin Rauber was speaking at the AGM.

- initially very skeptical

- "I'm here because this technology is a game-changer"

- build-out at Rock-Tenn that we are doing currently

- Meaningful results in 1st Quarter 2013:

> Niagara Falls

> First Rock-Tenn site

> Cash Flow Positive

- 2012 Q3, Q4 - improved revenue

- "Laser focused on cash"

- need to have reliable volume to get a good price

- we need more money. we don't have enough money.

- Rock-Tenn monofill can fill in any gaps in feedstock. "Guaranteed feedstock is hard to come by"

- Tony Bogolin referred to the Rock-Tenn site as "80 miles away"

- Replacing the BOD over the next 12 months

- 5 months to build a processor