Ann: UK Licence Status Update , page-46

Andy,

I suggest you ask PM and if you can get a straight answer about the cost, the lead time, the expected outcome and the expected development timeline, he may have more skills than we give him credit for at the moment?

I really believe that PM needs to come out with the mother of corporate presentations basically pointing out in clear terms what the investment case is for buying/holding NWE shares (apart from paying his salary).He really needs to communicate a sound corporate strategy right now. He has lost nearly all shareholders and a good CEO would want to win them back. Recent announcements are so bad that I have contemplated whether any insiders are potentially benefiting from the low share price? There is certainly no apparent intention to improve the market perception?