prediction for egm 28 march, page-7

horsemouth, i dont think MFS problem is that they have a lot of money in the funds. It is that they have money in their funds that have been closed from redemption and for distributions. MFS are like the mums and dads holding paper in the funds - no income, cant sell, cant do anything with it.

From an audit point of view, and this is the problem around the world, how do you value the investment.

As to getting new fees, that is close to impossible. Remember mums and dads are extremely conservative. I wouldnt think MFS writing to exisiting fund members and saying we have a new fund do you want to invest or we need more money would you like to put it in the closed fund. I dont think they will attract new investors either as people arnt stupid once they see problems.

Horses mouth you used the word correction in the equity markets. I think many have misunderestimeted what has occurred. It is the that there is no money to borrow. Numerous M & A, leveraged buyouts,etc in the US and Europe and Australia, are being left high and dry by the financers either pulling out of funding arrangements or simplying walking away. At present there is a backlog of some $200b in funding required for signed sealed and delivered M&A etc, and these are having problems getitng money. Given MFs and other business were built on this easy money, I will be interested how MFS and others are able to get around it.

MFS funds management business is not what is going to save MFs.

As to the Scott business plan, I await for this document like many of you.