Ann: Chairman's Address to Shareholders , page-13

Squidy,

Well on the same basis, you clearly see my views as worthless, and no doubt would also wish to banish me from this thread.

Suggest that you respect that amidst the cheerleaders Ron took the courage to highlight what was perhaps the key point from the address. What other ITC knowledgeable fan even raised the point prior to Ron? Might say something about the cheer squad imho.

As for producing harder when you get water cut, not a good idea as far as I know. "Early" water cut seemed a statement of fact to me, not merely a VPE (but not ITC) concern?

EL