dow and dempsey resign, page-5

Lodiac,

I understand you are a bit nervous about the new Chairman and CEO, but I am personally willing to give them some more time.

There is nothing to indicate Kennett is loyal to Locke, Locke just restructured the business to suit CFU's European focus. Kennett's previous role (200mil revenue, 40mil profit, 350 staff) indicate he was competent, so not sure where you are getting your information from....

In my mind, Dow and Dempsey were the final piece in the cost cutting puzzle. Shareholders have long complained about the cash burn and Locke & Kennett have been addressing this (which will hopefully be seen in an improved cash flow for the Dec Qtr) while focusing our resources where the majority of our Sales come from.

Let's hope 2013 is where our Sales gain traction.