Ann: Appendix 3Y - David McAuliffe, page-15

I remember a fund manager saying individual management selling is not a sign (across management selling is never good), because there are many reasons to sell.

Management buying with serious cash is a positive sign though because there is only one reason to buy (two if you think manipulation is involved, but the danger is that the c suite drabk their own kool aid, so to speak).

I am of the understanding that the tech will get us a positive return , but the degree of that return is going to be radically inpacted by news over the next 2 platform lots.

Still, I was bracing for the potential impact of Dave selling and am glad that, so far, has not taken place.

Heres to a smooth couple of months until news lands.