Ann: Preliminary Final Report, page-3

Certainly an ordinary result. Looks like cash is a bit higher given the timing of some receivables (from associates!), but profitability is marginal at best and they have been spending more than I expected. We will find out over the next 12 months if the money was well spent or not. They say that the equity market transfers wealth from the impatient to a patient, but this one is going to try us all. Lets hope that the new Corum Clear products are great and, more importantly, that struggling chemists are willing to pay up for them.