Ann: Half Yearly Report and Accounts , page-14

No worries Surges – I see you must have had some Wheaties for breakfast and are in full flight this morning.

Your right to be a bit wary NB. These things are a bit like the Hotel California – you can check out any time you like but you can never leave.

This whole bizarre scenario has not been constructed because a group of guys has decided that Rebel’s horse with two legs has suffered long enough and is a public disgrace on HC.

In fact, just the opposite – the mechanics will be constructed to carefully avoid leakage of hot day trader money back to long term holders.

But OBJ just can’t give PNO money to then allow a pump for CPS associates to exit. It will have to a bit more elegant than that and my guess is it will involve a cr for PNO in the context of a JV with OBJ and throw in the name of a supermodel to add some spice.

In one sense (removing ourselves from the grubby money aspects) it is all really about injecting a little bit of the dream back into PNO from the dream that still has a bit of currency left in OBJ.

In retrospect both companies should have focussed on making beds, because for whatever their failings (about $40m+ worth combined) on their day they have been pretty successful at creating dreams. People unfortunately have mistaken dreams to be reality which in common parlance is called delusion.