Ann: Annual Report to shareholders, page-114

So, which one of these facts are your refuting?

Here are the key FACTS that I noted:

- ATL made a "strategic investment" of US$5M

- AGY stated that "ATL has agreed to place its shares into a 12-month standstill period"

- A formal escrow arrangement is NOT the ONLY wayto structure such an agreement

- Lack of a formal escrow arrangement is not PROOF in itself that there was no restriction on ATL's holding.

- People who were claiming that "ATL can do whatever they want with their shares" were making a statement of fact that was NOT based on any proof; it was NOT a known fact, it was simply SPECULATION.



SIMPLE

Now, which of these clear facts due you refute?
Be specific.
Why is that so difficult for you?

Please consult with Rob and the cow, they can’t seem to answer this simple question either.
Wow.