Ann: BWX response to claim from Waterloo Capital Partners, page-50

Hi Manny. If someone has been able to buy shares at 5.50 or below for the last couple of months, can you explain the logic behind your thoughts that suddenly someone will come along and buy them at more than 6.50 instead? Is it some money laundering thing?

There isnt any firm offer at least when i last checked. There is an indicative and non binding offer by a couple of large shareholdeds who got shares for free and have now stepped away and so in theory can offload if they wish, or indeed buy more on market below the offer price. The stock isnt suspended you know.

Thats the facts. The speculative bit is why. The Eoy report will tell. Did going into supermarket sabotage the brand...the bridge too far? How has the UK performed. How has Mineral Fusion performed? Is there a China angle or has that fizzed? I agree with you in that i dont think the offer will go ahead or even of it was ever meant to. I just dont agree that someone else is waiting to pay even more. My opinion is the game is up. But thats an opinion, not a fact.