Ann: Revised Proposal from Albemarle, page-513

Scarpa I think it’s more thought through like that. LTR left itself enough room to back out. What they have done is hang the carrot. I am convinced they had others asking questions but obviously there had to be an owners bid for this auction and that is $3. I be surprised and disappointed if it be sold for $3. I can think of many other interested parties that will come forward. This has a long way to be played out. I expect $3.50 plus. Yes some might be disappointed and wanted $6 and dividends in a few years. But value is value along the time line. When you bought in at 9 cents. $3++is fine. Move on and reinvest.