Ann: Half Yearly Report and Accounts, page-86

The half yearly report reads better than I was expecting. That earlier feb announcement by anchorage, drove the share price down to $1.81 prior to the half yearly release. Holders that sold during that 3 week period should be rightfully annoyed by our new owners and those that bought in have been rewarded by being contrarian. I have no doubt that Anchorage will turn around SHG but they will do so on their terms. Shareholders should expect to be misled at times, as that anchorage board member (can't recall his name) clearly told us all at theDec 17 meeting that he was working for Anchorages benefit only.