auditors headache, page-12

Kate, What Kevin had said was that all the members sitting at the table of the AGM, including himself had not been remunerated for 5 months. That was at the end of November and would offer one of the clearest indications that they were very hopeful of getting the deal and it was only a matter of time. If they really believed that they weren't going to get the deal, then they would have no doubt raised a lot more capital to cover themselves, rather than currently doing a very honorable thing and only issuing the bare minimum in order of reducing the effects of dilution towards share holders. You could only imagine what was going through their minds throughout the sharp drop in the IO price over July/August.