Ann: Letter from the CEO, page-2

I get the feeling that this update from the CEO was to justify the bonuses paid that everyone was annoyed with.

All of this information was known but it's been wrapped up in a nice little package for us to consume. The company is making some good progress even if the SP is not reflecting that. As far as I am aware they are the only MM business that is focusing on three divisions; Pharma, Botanic and Derma. It's a real point of difference.

It is taking some time to pull this all together but it is certainly coming along nicely.

GLTAH.