Ann: TNG Results of General Meeting, page-53

The reaction we are seeing is ENTIRELY PREDICTABLE. Many here had hoped to see the rubbish swept out completely, and that failed. HOWEVER, we have actually made a significant step upwards. We might regard Biddle as the cause of the failure, but his appointment also brings with it actual quality (which was completely lacking prior to this). Further he has assessed PB's qualities and noted that he is not the man to lead us forward. That is VERY GOOD.

I do not know how low it will go - depends on the relativities between those selling from depression and those who see the possibility of a real move forward. Personally I have no idea so I have held on to 75% (after selling 25% a few days ago at 12.5c, when I formed some doubt about the GW chances.