Ann: Letter from the Managing Director, page-18

Do agree it looks as though Regal have cleaned out the closet to get the last of the MEB stain off their portfolio.

Not holding any MEB at present, decided to bank the loss and apply the funds elsewhere for the time being.

Whilst i believe the most recent re-structure will ultimately be for the good of the business, these things often take longer and sometimes cost more than first thought.

Iam keeping an eye on the company and am in contact with management from time to time. Once I see the company execute a couple more Illumen contracts and or convert Jacobs from a pilot to a multi year deal, then I'll be back in the screen to reset my position.

Until then, back to the old faithful commodities sector (where to be frank I should of stayed), where there's plenty of opportunity and execution going on.