Ann: Non-Renounceable Issue, page-5

so you have 20/20 hindsight then jimmy. I have perfect hidsight too. what I said was pre capital distribution that cxx would rise to book value of panda hill 11.5cps (a fair assumption with available information) and it did hit mid 9s with directors buying most of the free float. Post Cr it traded at 5cps which was well over where I thought it would trade at much lower so someone who bought in at the announcement of the minutes of meeting could have basically got panda hill shares for 1cps or less. Anyway onwards and upward from here - you should have posted
your numbers and now I would actually believe you about your pre distribution value