at this point havelock really needs to make a statement. investors have had no credible information, no answers to any questions and the promised reports have never been issued. this is getting really embarrassing to all involved. at this point, one has to assume that the company doesn't exist and Havelock should post an update on what it intends to do with the funds in escrow.

given that Havelock owns shares in this . . . their silence and withholding of material information is very . . . troubling from an ethical point-of-view.