Ann: F18 First Quarter Results Announcement, page-18

Big day today...to me the shorters were trying to shake the tree hard and push down the price even prior to opening. Loaded up more at very low price within the first 20 mins of opening. The shorters were showing weak hands towards closing, pushing price up.

Fundamentally the business is in positive trajectory. Sales has recovered primarily driven by direct export to china and should continue to grow. Cost of doing business through China should be alot cheaper than selling them through local retailers which require significant trade spend and straights payment, resulting in nice accretive margin expansion. Cost on the other hand is also under control.

There are 1.2m shorts which will need to be covered eventually...and given the low liquidity of BKL I'm very positive that we will see a sustain SP rise over the next 6 months.