Ann: Chairmans Letter/Notice of Annual General Meeting/Proxy Form, page-13

benboy,

What will you and all your supporters say when a GSA is announced? Will you then retract everything you have written that has said management is "doing nothing, just waiting for a GSA or takeover" etc. etc. etc. … ?
…. This is what irks me. Just because you see no result (yet) you think they are doing nothing. How is this objective and reasonable thinking? It's not, yet it keeps getting repeated. For all you know, they may have been talking to parties for a year or more. But judging from the tone of some of these posts, the writers must obviously "know", somehow,
they are not. It's the only conclusion I can come to. Yet that would be the wrong conclusion.

Performance shares are only any good if targets are reached. If they are not reached, they can't be cashed in, so to speak.

Anyway, this is enough from me on this subject.

Kip