Ann: Ceasing to be a substantial holder , page-5

Yes I think that's right what you have said about the current board, I can't really knock them on anything thus far. I always thought that Lowrence was a bit of a salesmen and I was not happy with his over promising under delivering but I think that the info since his departure has been more understated.

On his super fund sell down I see that sp is down a bit now, might be related to your way of thinking, I know you like to see all the directors holding and to see him sell a few might be taken as a negative but I would have thought he be living from his super now.

I do agree with what champ said with regards to CBA, but I'm not think about a CR at all, they've fought so hard not further raise and both Magna and CBA have been supportive in their efforts, to me it looks likely they'll get through to black type cash flow.