I quote from the half year report:"Net Assets at 31 December...

I quote from the half year report:

"Net Assets at 31 December 2007 represented $5.53 per share. This represents a premim of 166% to yesterday's closing share price of $2.08......."

Compare Dec 31 2008's net asset with Feb 12's share price, what a great misleading.

Just take IBA's share price for example, it has following from 91c to 61c from Dec 31 to Feb 12, don't know how other business goes.

In a word, the net asset at Feb 12 is not $5.53 anymore.

Can you trust those fat cats?