Ann: Change in substantial holding, page-5

Hi V_H.

My take on the Deloitte work was that a deep dive might be risk mitigation thing for to audit comfort.

From some limited Overseas research the industry seems to be in continued turmoil. Half the worlds OSV fleet is stacked and some are calling, for example Hornbeick Offshore for the scrapping of about half the fleet in order to return the industry back to a sustainable one.

So things continue to be tough.

Results time soon for MRM so will be interesting to read.

If Mr Kum did a debt for equity deal, what do you think the impact would be for remaining shareholders?