Ann: Board Update, page-12

The irony hasnt escaped me. Bitching repeatedly about retailers selling because they dont understand the business. Well amongst the most significant sellers has been doing so through Dreambright or whatever and the missus. It follows according to his own logic that he doesnt understand the business either. Hence the move to get someone in that does to oversee the business by the prospective lender. What seems feasible now is that seeing he is no longer director and owns less than 5% that more selling is on the cards. No more low hanging fruit tho in the form of gimme performance shares. But as I said a few weeks ago a CR or form of it is on the cards. Another hit for us retailers who have held.