earnings, page-9

G'day,

One thing that has to be taken into account when calculating earnings is the effect DRR's price reductions will have on overall market size. Retail market is no $240m if DRR has a large percentage.

I am only going on prices from the websites which have come down over 40% from when we entered the market.

Over time, I believe this price reduction will lead to a very large market share and indeed expansion of the whole Fonda market, but those who are expecting a large cheque shortly are likely to be disappointed IMO.

This dribbling out of details such as the 60 day wait for payment and smaller share of Europe sales is quite annoying too, and makes me wonder what other little surprises are in store for us regarding the contract with DRR.

Only holding a few at the moment...waiting to buy back either cheaper(mid 30s) or when prices look to be heading up.

JIMO as always. Good luck.