share price, page-19

To GMT,
I do not disagree with most of your comments about past performance of the company which should have been in production long ago. Perhaps we have different interpretations for what we have observed. I consider that the main cause has been the attitude of one person who, while wishing to do what is best for the company and push ahead with production, has given priority to keeping control and looking after his own personal interests. You can probably guess to whom I am referring, which goes some way towards confirming my point.
I think I previously discussed recent events which have lead to big changes in the power structure of the company. Only the future will determine whether this will result in increased production and a higher share price but I am sure that this is the intention of the new major shareholders. Furthermore, if this does not happen within a reasonably short time I think we will see further restructuring of the board. I do not expect any of this to be discussed in the coming quarterly. That is, your comments about what you expect to ..see in the quarterly report are probably right but hopefully do not reflect the future of the company