Yes, yes, yes - you're all correct - you've got all the right...

Yes, yes, yes - you're all correct - you've got all the right answers.

We run from City because we wanted to, and because we had to.

Yes, Balmain capitalised on City, and City did all the ground work to allow them to do it.

The reality is that it doesn't matter how City died - it's got nothing to do with the FMF now. We were very, very happy because we knew, and City knew, what would happen when the FMF detached itself from City - it was a fait accomplit.

There were no surprises - except for uncle Phil's comments of the 5/6 August 2009 re: Gore's attempt to buy the debt of the fund (goldcoast.com.au) - and to that I would say, thanks to the down turn in City's share price that it was a dud deal.

In March 2009 City (and the CBA) took $36m from our fund to prop up one of its rotten enterprises and itself and if we didn't get away, then City would still be bleeding us dry, together with its cohort, the CBA.

Enough of the sour grapes, the hand has been dealt - we knew the risks, and we took them - It doesn't mean we're smarter than you or dumber than you, we just did what we thought was right in the circumstances.

Let's see what happens over time.