http://www.smh.com.au/business/promise-to-improve-after-asic-warn...

http://www.smh.com.au/business/promise-to-improve-after-asic-warning-20130613-2o737.html#ixzz2W8e33llJ

I'm surprised to see that the $90m as disclosed by WC on the NSX has been written down to a "fair value" of only $55m (before the $13m of impairments stated in ARL's financial report).

Is anyone surprised by the extensive impairments and expenses within ARL for just four months?

How about the over $257k in legal expenses with a legal firm of which one of ARL's directors is a partner?

I thought ARL was going to be a hum-dinger for PIF investors but it doesn't seem to be working out that way.

It doesn't seem to be working out that way.