Ann: 6th Supplementary Prospectus, page-123

What you are saying is absolutely correct but isn't that assuming (my words, I know its bad practice to assume in your current/previous profession) that there is no growth. You are using figures that are just that figures. Sure if the company doesn't grow then that's exactly the correct scenario, our wealth will of halved. Actually I am wrong there, you are correct our wealth will half (technically) upon dilution but we all voted yes to this happening as we have confidence that the acquisitions etc will counter that loss. As I am sure you are aware sometimes you have to spend money to make money....

I am confident that any loss through dilution will more than be reimbursed in the near future.

I sent Sholom an email less than half an hour ago.....have already received a response. I don't know about you but that speaks volumes to me.

Cheers