Ann: Investor Update, page-3

Macquarie supply the wholesale finance for the Yellow Brick Road branded products, which provides a nice little income stream to them from YBR quite independent of share price, dividends or even profitability. So Macquarie don't really care about the size of their holding. The chairman is on a remuneration package so comfortable that he doesn't really have to ever care about his options. He just has to keep Macquarie happy in order to keep the honey flowing his way.

Those guys are the main team and we play second fiddle to them. We will only see any return on investment out of this company if it becomes profitable after the main team's have had their bite.

I've updated my sentiment. I sold at my original buy price of $0.38. I don't have a view yet on when the right time will be to buy back. I never expected to return to this level!