Thanks, EWLThaat does make sense and does sound good for QAD.So...

Thanks, EWL

Thaat does make sense and does sound good for QAD.

So essentially, QAD's investment in Iridium is now free-carried and QAD no longer has to play lender of more money to Iridium should Iridium find itself with no banker friends and yet need a lot of money for some reason.

That does sound like a big psychological burden lifted off QAD's shoulders.

it's a pity QAD cant make its new ventures sound more interesting.

Do you think QAD is still keen to sell its Iridium holding. I wonder what a 6.35% holding is worth in australian dollars today?

Cheers Anne