t card, page-15

you know what i have lost, the emotional capital, plus literally thousands of hours of research.
It is bloody awful to watch. Unrelenting with setback after setback. Yes I sold out some time ago but have remained vigilant. I would love to see positive news.

There remains absolutely no question in my mind that IF all major projects are completed then we can see commercial apps kicki. But the sad reality is the commercial apps are far more demanding of time and resources than AFC's ever were.

It is just too hard. How would you like to runa copany like that? We know why so may CFO's abandoned the ship. Why directors refuse to buy shares. Who could blame them. No confidence.

God what a disaster! And yet the bigger picture is as big as ever. So much potential. Extraordinary potential. One thing that struck me, Saville. What is he thinking? If he had his time again?

If we all had that time again.

cheers,
walt.