Ann: Memorandum of Understanding with NAB Financial Planning, page-265

way more serious than that. As I said earlier today I was surprised about a deal with NAB given the multitude of issues it would raise with NAB's operations. Matters of this nature might be part of the turbulent nature of small companies like IAM but when any changes threaten a mob like NAB it's entirely different. The fact that IAM has to issue any clarification whatever about its dealings with NAB is not a good thing no matter what the outcome. Something went wrong here, I hope the penalty is not too severe for IAM holders.