Ann: RRL: Response to Media Speculation, page-55

I don't think there is any reason for a halt considering both parties have now come out to verify that they are in the middle of an incomplete indicative and non-binding proposal.

If my calculations are correct which I think they are Hawkes Point have paid $13,327,659 for their 18.93% interest at an average price of 9.41cents per share.

If they accept 11.4 cents equivalent in RRL shares that's a gain of 21.1% on their investment at a profit of $2,812,344.

This doesn't seem like a very good return for them considering the risk. I think they should be able to squeeze more out and if they don't they are clearly in it for bigger returns than these. Esh