Troy should say thanks, page-24

Hi Sturminator,

I guess the question is who will do a better job for shareholders?

I agree that (in hindsight) the present board could have done things better, but isn't that true for all of us? In hindsight - why would any of us hold TAP shares with a purchase price higher than todays 30 cents?

What concerns me about Chatchai's proposal (next to the track record of some of the proposed replacements) is that after the proposed change 80% of the board would be controlled by a 20% share holder with a huge conflict of interest. Whats good for Chatchai must not be good for any other TAP shareholder (and likely isn't ...).

I do prefer a board with independent directors - and hey, if they own some shares themselves, than good on them.