Ann: Chairman's Letter to Shareholders , page-19

For all those burned by MEO still holding.

Hypothetically if you had no MEO shares today:

A) Would you spend the value (of your current MEO portfolio) on MEO shares? or

B) Would you prefer to put the money into a different stock?

I got out at about 12cents, losing nearly half my money along the way. I learned a terrible lesson about the stock market and in particular the reality of hot copper. There are some very dangerous people on these forums and way too many gullible listeners.

Dont mean to preach but if your answer is B, does it really make sense to hold onto this stock? IS it really the case that acceptance of your loss is not yet a reality? Please also do not forget that the level of BIAS on any forum is seriously skewed towards holders and buy fanatics. As much as prosper rubs folk up the wrong way and says what people dont want to hear, if you only want to hear the good news, you are not yet ready for the markets.

Wishing everyone the best. The only positive I got from MEO was a lesson learned. A forum with balanced views is useful. A forum one sided is dangerous.