PGY Consolidation, page-4

Harry,

I believe what happened with the 100:1 folly at Empire is a bright light on the mountain for all to see!

Our Consolidatiion and the reasons for it have been shown to be ill conceived in every respect, except in the outcome for shareholders. Wreckage, like a metaphorical low yield toxic explosion used to inflict widespread pain. Why, oh why?

More to the point, the pain this masterstroke breakthrough has caused for shareholders has been intensified through the grossely bad luck the head shed have encountered in their one roll of the dice, and their flopping about from one crisis to another since.

Shocking bad luck really? So much so, that such a glaring demise could not have been more effectively carried out, even if it had been planned.

How could such stellar experienced and professional individuals have gotten this all so wrong? But no, we dont need to go through all that again, surely? Rather, the big question one could more aptly put is. Can we have any confidence in the capacity of this stellar expeienced and professional outfit to get anything right in future?

Single syllable answer ?