Ann: Supplementary Bidder's Statement, page-25

Also with the contract manufacturing, yes they have turned it around from a loss making division, but they have also made significant capital investment in a high speed fill line, which is recently operational or about to be operational (I can't remember the timeline). The division is looking much more appealing than it did during the sales process. Talk about having the potential to mislead Raph.

He also talks about gearing going up as of the sale of half the pooling division is not likely to go through.

I can't believe we are dealing with the chairman of the company here. I just can't believe it.