Ann: Appendix 4C - quarterly, page-146

$1 prediction????

From my memory, 2years ago the conservative view on HC was that we would be bringing in sales of around $100mill this year, SP should be $4 and heading towards $10 in the next couple.

Then Moelis came in and put cold water over everything with the $1 valuation (which you refer to) and was ridiculed by the HC community.

Moelis seems to be closer to the mark than all the heads here on HC (that is closer to the mark, not on the mark).

Will be interested to see if Moelis RE-rate the stock down again