letter from lacaze lattest letter not inspiring - she starts...

letter from lacaze lattest letter not inspiring - she starts writing in the first person, then switches to 3rd person, then back to first person.............

as for so called accomplishments;

1 sp is up mainly on t/o bid

2. Sale of Spanish business for 1 mil just when it started to be cash positive, after putting in 5 mil to set it up - does not make sense to me!

3. Reduction in operating costs, but lost a hell of a lot of customers, so service cost per customer is up, hence Australian operation going down.

In summary, vote opposite to her directions in AGM and you will do best. Especially item no. 9 - no options for her!