Ann: Response to Media Speculation, page-7

$0.12 was never going to be enough. Westside seem very determined and you can bet that the $0.20 offer will be highly conditional. The offer is not even half of the original IPO price for goodness sakes, but this is the market we are in. Armour has massive potential, will get back above $0.50 in a few years IMO - provided we get to keep the company. I would like to see AEP buy a larger stake than proposed, it would protect their interest.

GLTH