Quarter-End Update

Just to follow up my previous post, the quarter-end share price was $6.73. The cash flow was positive for the quarter, and I assigned a reasonable value for No Lip based on what Tom thought we could sell him for if we so desired. Currently, No Lip is in training at Churchill Downs and we are looking at a race for him next week at Indiana Downs. While it is not for the reason we would hope for, we will have a 3-year old colt on the hallowed grounds of Churchill in training on the first Saturday in May. He will have a front row seat for all of the action in a few weeks.