Ann: Investor presentation, page-6

I'm pretty gutted at how bad this move is. Both in timing and reason.

The investment in LABS has achieved the desired result so why on earth is MMJ still holding the shares? Does JC seriously believe continuing to hold is better than investing in pre-ipo opportunities? Why was JC selling LABS in the mid dollar range, but now it's 30% higher the board think it's better to hold?

If this 10 million is so important maybe JC and PW should cough up 5 million each and show us how it's done using their money.