breakouttttt, page-2

Most long term AVX holders hated the PGL deal but I suspect we would have taken our lumps and voted it in thinking it was the best on offer. So I must thank the large PGL shareholders who wanted nothing of AVX ( at 6.5ccc?????) and instead wanted to take the $1.10 cash.

I am happy they got their cash and we got our AVX. If however the merger had gone ahead the old PGL share would be worth about $1.60-$1.70 today at 14c.

The clever PGL holders though would have bought some avx on market,oversubscribed in the rights issue and also taken the $1.10 on offer from PGL.

There must be a God somewhere.