Ann: Update of put option and loan repayment recovery, page-161

Fair call. Sorry Hot Tuna. We all make mistakes true dat.

The main mistake I think was not disclosing Galderma. If they had done that at the time it would just be cruising along now. I mean present value they are under water but future value not so sure and 20 years who knows. My guess is about 100m and new management and it will perform well again. All the board though have to go.

Lucky I bought at the right time so should get most of my money back may even if it goes under still I hope they can save it.

Good luck.