Ann: Update on Tier One Retailer, page-34

Management are getting on with building sales orders and trying to resolve production issues to meet them, not pampering to the market. I'm not saying a CR is very unlikely, they may need one as they ramp up, but I would expect the SP to be over $1.00 again before it is necessary and in a much more positive sentiment environment. I did reduce my holding above $1.20 but thinking of adding here. Trouble is, apart from RAP, everything I switched into then is also inexplicably down despite good announcements so I am sitting on a few things that look oversold.