up 15% and no sellers!!!, page-11

NLR

I know you have a lot of faith in GUL and Dietzy but it does not hurt to keep at the back of your mind the points that Schlomo, Tokyo and myself make.

Schlomo knows his stuff - he pulled out more then $1 million from Allegiance and knows the work that THR and Deitzy on the financial side did as the main boys on the board.

In the early days of Allegiance, GUL was used as a cross holding company to the advantage of suring up the Allegiance register.

Whilst AGM was happening GUL has had absolutely no real business take place. The Royalty on the batavia is not happening and the houses are a joke to keep the company going.

What is also true is that Deitzy was never able to return value in the form of GUL's share price commesurate with the asset they had. GUL always traded at a heavy discount to AGM.

The Benjamin Almzalak affair was a shameful exercise. Deitzy allowing this clown to punt the bull market was an absolute joke which cost shareholders heaps when the share price collapsed after the punting went wrong.

Personally, I hope Deitzy does pull something out of the hat with Hudson and does manage to get the SP to a price that is at least equivalent with GUL's assets but for now he has not achieved anything with GUL and has merely burned cash for 10 YEARS and taken an interest free loan (as Schlomo pointed out).

Lets see what he comes up with.