don't get upset. there is nothing above that has not been...

don't get upset. there is nothing above that has not been written within the LLP announcements. The debt positions was known, the PTN rights was known, so too the consideration of sales.

Focus on -
Development Significant upside. FY09 numbers "way on the low-side". Small capital spend required to complete developments and realise cash.

With LLC they would be intent on retaining these to keep the cards in their own hands. LLP would have had to divest them. But that's all good - look at what they are, it's doesn't change the value of LLP, it retains it for LLC to develop in future.

LLP does have to sell them to improve liquidity = retained value in LLP = consistent with requesting a better offer.