Ann: Market Update (amended version) , page-5

Ultra, my personal guess is these shares will go lower as more info regarding project performance, profit and loss comes to hand. I too have been holding off waiting for a time to buy in but I dont think that time is now. Any projects which may have been under-tendered will be nearing the end with no income left to claim with costs to complete still needing to be met. I dont believe we are at the bottom yet. I am hopefull that Bill Wild can turn this company around but it will take more than one man and he needs the support of the board which, despite the addition of the Lazard representative, is basically the same board that steered the company previously. He also needs good people below him and as there has been little change in actual management I wouldnt hold out much hope there. Hastie is made up of a lot of contracting businesses and contracting is a precarious game, one best not played by accountants.