Ann: EBR Systems Investor Roadshow, page-6

You make an interesting point MidCapMan, and obviously only management knows the whole agenda.

But I'd imagine as well as the 4 shareholder presentations to general retail investors there would be a number of similar presentations solely for the benefit of the funds groups, including Brandon Capital and the Carnegie group, plus included invested super funds - certainly if i was a substantial shareholder or close to being so I'd be seeking reassurances of how my investment was developing. And as we know almost all such fund groups haven't sold a share since the IPO.