Oct 1st 2007, 22:59 SLR SL Reports
by Xavier Mohr

Updated: Share Buy-Back & Dividend

SLR Investors:

In lieu of a full dividend this month I will be posting a a much smaller dividend than usual, and buying back a large chunk of shares that I will then request be destroyed. It is my hope that reducing the total number of shares of SLR's huge float will have a very positive impact on stock price. I will post notes of amounts purchased once the buy-back is complete. In short, here is what I am about to be doing:

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1. Posting a dividend of approximately L$40,000 to all current shareholder.

2. Buying back an undetermined number of shares up to L$0.70, allowing unfilled shares to stand as a buy order for L$0.70. I have budgeted about L$70,000 for this action.

3. Making notes of these actions once they are completed.

4. Submitting a ticket to exchange management once buy-back is complete to have all shares purchased as part of the buy-back destroyed.

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Actions will commence in about 15 minutes.

Regards,

Xavier Mohr, CEO
SLReports.net