Ann: Half Year Report and Appendix 4D, page-8

Touters seem silent, they either must be stunned by the non event announcements( murky on revenue at best) or they are waiting to receive the spin that regulators have cleared them to say.The financial profile and workings of this company are so complex, so diluted, and dilutive, the company must seek a new model.Nothing stated here will dig this company out of this overhang.


Certainly tremendous amount of financial engineering has gone on here, more than should have passed Board approval, but you have too much float and capital needs to win with the current model.No doubt the new digs are a cost saver.

Gucci - your turn.