reflections, page-8

I agree with most of the arguments and I appreciated very much the engaged presence of private SH at AGM. Thanks for that.

I hope management will now give more explanations of their works to private shareholders and not only to institutional SH. And not answering of mails is not a very polite manner.

So lets look for a new start.

The falling Shareprice from ELM is not a purpose of the management, it is trend of the market; compared with STB, CA:POT; CA:AAA the performance of the last 3 months was still very good and better than others!