Ann: Operational Update , page-6

I'm not sure about how good this announcement is. I mean its great that they actually feel compelled to tell shareholders about what is going on in their company for once but the announcement is very cagey. Can you imagine the impact if a company like BHP or CBA came out with something as light on detail as this. Its great that they have reaffirmed the corporate strategy and will now spin off non-core assets but looking back at the last announcement things sounded much more upbeat. Have things really changed that much in a few months? Looking at the market/economy in general you could argue the opposite. Don't get me wrong. I really like this stock. I am long and intend to hold because I think that it should turn around but gradually I am losing faith in management. They have successfully presided over a drop of ~75% in the stock price since August 2010. It's taken them a year to come out with this change of direction and in the meantime they have wiped off so much wealth for shareholders. Tougher questions need to be asked of them