Ann: Managing Director's Presentation, page-12

The problem is you are asking for a level of information that shareholders don’t (and shouldn’t) get.  Board members should because they are involved in guiding and monitoring the company.  E.g.  Capital also mentioned they were considering acquisitions- that’s all - no other info.  Should they be providing us with details of whom they are talking to as you want them to do for China?  I would hope not, as all that would do is tip off other potential buyers.

when there was nothing at all about China, in August, I was pretty upset. Now we have been given the appropriate level of info I.e. the mou still exists, no progress has been made with regulatory approvals, no money has been handed over.  I would actually doubt that Capital is talking to anyone - that would be left to the Chinese partners, who probably wouldn’t want Capital telling everyone what the progress is. 

I was excited by the China initiative, but based on the current situation I assign very little value to it.  It might resurrect it might not. At least I now know, unlike in August when it was a black hole.

I would reiterate that if you want more info, contact Andrew and talk about any issues you have, particularly as you have a large holding, as you said.  I don’t - only a bit over a million shares, which in the scheme of things is actually quite small, but AH was still happy to answer my concerns.