Some points I disagree on :1 / Most of the staff are now based...

Some points I disagree on :

1 / Most of the staff are now based in the franchises and many staff were moved off the CDR books to improve the process.

2/ Suppliers continue to supply CDR as CDR is a major re-seller. In fact I am in the industry and know of suppliers still prepared to back management

3/ Before the board came out and re-confirmed the guidance this was checked by the accountant and auditor and the bank to assure it was feasable

4/ Why would any bank throw more money @ CDR if they thought it was going broke ? There is no way any Australian bank would fund CDR to wait for a buyout - they would pull the rug now !

I am happy to continue to hold and if prices remain cheap tomorrow will be buying more.