Ann: Quarterly Activities Report , page-33

Hi Cab,
At this stage of the game cashflow is the most important factor from a finance angle rather than demonstrating a high profit. Lets take up as much previous expenditure as accounting laws will allow and push back any tax paying situtaion as far as possible. Without going through previous years i'm sure we'll be taing up prior losses for sometime.

My portfolio was heavily waited with FML and i've decided to offload 1/3, which i did so earlier today. I don't see the situation changing markedly for another qtr. If i miss an unexpected announcement regarding reserves i'm ok with that but feel the sp will stagnate in the 5's without something unexpected.
Will look for other opportunities with more immediate prospects for increase in sp.