HTI also noted that he company may be paying unfranked dividends...

HT

I also noted that he company may be paying unfranked dividends over the next few years.

Overall I think the strategy is in line with what we postulated. The IMX deal caught me off guard a bit, but that once again is in line with our previous thoughts.

Overall a staedy strategy that will probably go down well with the institutional investors who want safe and steady growth. Probably not as well received by HC contributors who are impatient for quick SP growth.

From the sounds of things the next quarterly report shpuld be great.