Ann: Update on Regulatory Matters, page-16

Mate.i feel for you. I just hope the contractors, directors, ex-directors, IPO broking houses, etc, don't get off Scott free with their millions as a result of this whole industry routing. The good and honest players will survive and thrive and, if listed, will present good buying as the industry get tarnished, at least short term, with the same brush (ie, share price capitulation). I think with slater and gorden you should be ok in regards to what comes out. They are a no win no fee business and I believe much of the clarity there is around how they account for work in progress. They do a lot of smaller 'I got whiplash at work' type of stuff so their WIP should be half accurate. It's their bigger class action type of work that exposes them to a potential loss.

What has been going on in this industry just makes my blood boil. I was talking about the rort last year when all these players were riding high.