Ann: Operations Update, page-108

Maybe I am looking at the glass half empty but that announcement has many indicators that things aren't as rosie as a lot of people on here believe.

- SREI ATM roll out has been suspended for 2-3months and whether they commit to it is very much up in the air
- buy out of the 75% is in danger. CX partners will never get $47mil and TSN will never be able to fund it.
- Transaction volumes were down and costs were up and will still be a while until things hopefully recover.

If the purchase of the CX shares doesn't proceed where does that leave TSN and who would want to buy out CX as I believe they have a fixed exit date.

Im not here to down ramp, just throwing it out there.