Ann: Entitlement Issue Prospectus, page-56

As I said before, Somboon is a smart guy. A large part of his fortune has resulted from bad Donaco management to the detriment of retail holders. Not forgetting that the land SV sits on is owned by him - not Donaco.

In many countries it's the land that people value and not so much the building it sits on - particularly in desirable areas. If Donaco owned the land then the land would be seen as an asset - as it stands Somboon is the real beneficiary from that land - from the leasing to the actual land itself.

The current lease is long and should be valuable in the business sense to Donaco - however if no money flows in then it just becomes a failed business with lease obligations - period.

As a holder I do not mean to down ramp but am just realistic and I do call it as I see it. Hope to be corrected - that's up to the market and it's forward thinking perceptions, expectations and ultimately realizations from the company results itself.

A buck does certainly have undertones of 'sweetsounds' though.