RE: JAGUAR REPORTINGI reviewed JRI financial statements for the period ended JUNE 30 on SEDAR, and I believe their is no way they can carry on unless they get private financing. The deficit is over 9 mil. with basically no money in the bank. SMI will have to hit on this well for JRI trying to get any financing----but in the end, any possible financing will be so costly and dilutive, JRI present shareholders will be toast.