Ann: Quarterly Activities Report, page-10

That 8.8mil gets cancelled out by the 10mil payment. And it’s perceived ‘capital growth’ at best. What the rugby player considers to be capital growth may not eventuate that way whatsoever. He’s used our money to buy a C&M operation that’s going to require far more spending and at present, what confidence is there to suggest there’ll be a positive ROI in doing so?

If a company isn’t totally mismanaged that doesn’t then mean it’s completely well-managed and I think you’re being beyond generous to suggest this company is well managed. What I consider as well-managed is when you take something that was already well-managed and you improve on it.

Where’s the improvement here? We have more SOI. We CLEARLY have an indication that dividends won’t be as per before. We have more expenditures on assets that are yet to demonstrate being worthwhile in any valuable way.

And you said between 80-85, not 80. I think I was closer. LoL.