andrew price appointed managing director , page-9

Hi sharecall

Do I hear an echo in the room?

You are stating exactly what was said by me in the webinars still available at

https://www.youtube.com/channel/UCiZ1XHkqqj8BxW9t51N1s9Q

Regarding the substantial shareholders, I refer you specifically to slide 10 at

http://paperlinxpigs.files.wordpress.com/2013/08/pigs-webinar-1-slides-13082013.pdf

In order to reflect balance, I was correctly quoted in the UK last night as saying

Graham Critchley, who is the convenor of a group of Paperlinx hybrid shareholders, said: "It just could be the case that Andrew is sufficiently left of field to make the sort of changes that will really return profits."

See http://www.printweek.com/Companies_and_suppliers/article/1212418/new-ceo-paperlinx/

The danger of "one man bands" is hubris, or key man risk.

What if Andrew dies? Has he left a competent team or a mess?

You mention "independent directors". This was part of PIGS' requirements for conversion at 78.8%.

Interesting times

Give me a call sometime. I'm always available.