ane has rejected the gns 6.15 takeover offer, page-9

Hi Jim,

Yes I've read both the ANE's "REJECT" announcement and GNS's announcement today.

On ballance, I think GNS's offer IS "fair and reasonablke". No one else would likely to make a higher bid. The ANE management is just too unrealistic.

At today's price $6.63, 48c above the offer of $6.15, and nearly double that before the bid, it is a good chance for Sell.

Regards.