Banter and General Comments, page-7905

If management is confident GXY has the time to go it alone with SDV, at least for the foreseeable future, turning down the SDV offers was a good move.

It's correct that now is a dreadful time to do deals of this type from GXY's perspective. Don't sell your house during a downturn, unless you absolutely have to in order to survive - and I don't think GXY is in that position.

As I have said before, there is not going to be a dramatic upturn any time soon. We are looking at a gradual recovery over the next 12 to 18 months, I think. I'd previously been much more bullish on this, but I've become more conservative.