Ann: Ceasing to be a substantial holder, page-6

I don't think that SPT's original objective of getting out have really changed. It was just the Lanstead was not a good partner in exiting BLG since they just took their monthly quota of shares at a discount and then dumped those shares on the market thus forcing the BLG share price down further; it really made little difference to Lanstead but really screwed up both SPT and BLG. It would appear that SPT are now adopting a more measured approach of waiting for buyers and not just trashing the share price. The Lanstead policy was so predictable buyers knew when Lanstead would dump BLG shares and thus the SP simply dropped further and further until we nearly got down to 2c. Hopefully SPT will want a decent return and keep the SP in line with the value of BLG