$30k go through at 12 cents, page-12

re: staff options Thebanker - comments taken on board - and I do see that the number is very small and understand what you say - I have been there myself as an employee.

Understand also what you say on ROA and cash flow - I use a combination of earnings, margins, cashflow, sales, retained profits etc... .

In industrials - I have done the analysis and earnings growth combined with ROA and strong margin and cashflow combinations are a key measure - however we could talk all night on that one - and it isn't black & white either.

Thanks for the response again on TOX - I will consider what you say - just would have liked a bit of "stretch" in the exercise price - and not in or very near the money - unlike what the MD states according to that email response posted here!