Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9

This is a tightly held stock so things can turn around quickly just depends on news flow . What might happen?

1. Damages are significant and management decided to buyback shares. Remember management have a lot of options as well and this could be an opportunity for them to increase their stake further we know they like buying shares.

2. More news on how China is going now the N brand is back on line

3. with limited downside market participants decide at start buying instead of selling momentum picks up etc

Who knows what the catalyst will be but management has a lot of skin in the game so I am sure they are thinking about options