Ann: Market Guidance, page-71

Also I think Disagree strayed from the original point significantly. I was addressing his point that Shine do not convert EBITDA to cash.

I used this year's cash revenue versus last year's cash cost to address his point, which is analogous to EBITDA. I think he knows I am right on that point, unless he doesn't agree on the fact that Shine has a 2 year settlement period, and can't use last year's cash cost as proxy for the real cost.

Then he went on to suggest a new point which is time value of money in 2-3 years will somehow affect profits materially or that people just won't pay. Do you know who pays lawyers in PI? It's insurance companies, and they have been asked to pay by the judge in Australia.