facts, page-10

You'll find Jay that PA is using a "let's assume they are not kidding us as much as it seems" approach here. His key comments showing what he actually thinks:

##I spent a good few months closing my eye to what was happening right in front of me, hiding behind P/E ratios and what not##

## I do hope you get back all the money you put in. I will be the first one to eat my shirt if they get all the China money and the Malaysian contract is resurrected.##