Ann: June Shareholder Newsletter, page-51

I find all this will they be cash flow positive or negative this quarter a bit nebulous. Its clear the momentum will deliver this, and soon, so why is everyone hanging on what hour of the day its going to occur (about 2.17PM next Thursday by my reckoning)? This company is being built to last for many years, not hours.

It's a reality that at present, to build a reputation as a reliable supplier in the production chains we service we will have to make large lumpy purchases of raw materials and given our current size, they can impact cashflow in the quarter. I doubt we'd want to hold up Pegasus or anyone else so we can push a input buy to the other side of a quarter to make the numbers look good. We also have to expend effort to get known that a larger known brand may not need to do with more variability in the traction garnered from it, this also costs.

In regards to news flow, we've been told what they are working toward, we know they are on that trajectory. Our minds should be shifting to the broader numbers rather than individual deals anyway, but we shouldnt get bogged down on slight variances on an individual quarter. Those arbitrary lines in the sand are just that, basic checkpoints. They should not be read as a blood oath from management or sign of confidence if they come up slightly shy or overachieve even.

In regards the quality of the communication, give them the wiggle room they need right now to be adaptable to new things that come along and worry about the whole forest, not the individual leaves on a single tree.