up another 13.64%, page-9

Graham,

Your preoccupation with the Half Yearly Report is unrealistic. Too early to expect a dramatic departure from the legacy of the previous board. Constant downplay of the ordinary shares trading prospects is unhelpful. Fact remains that the SP has increased by some 5.5 to 10c since November...surely this is a positive?!

Given the substantial restructuring in Europe, one might be forgiven for thinking that your hybrid agenda is clouding your judgment. Just my opinion.

I am quietly optimistic that the new administration is on the right track. My prediction is 20c within 6 months.