deferral of havilah distribution, page-5

This was never a good idea in the first place - it's ann. back in May '07 triggered a selldown, and it never got bakc to the high $2's probably becasue then came the sub prime debacle....but I'm amazed that it took bit 18months to finally tell the market what he shoudl niot have doen in the first place: a major shareholder who is also CEO should not announce that he is going to sell down its stake. It impacts that most sensitive of things called market confidence. Hope Bob is more savvy next time - there was no upside for CUY in this in any market conditions.