Ann: Investor Update, page-10

I must confess that I'm stumped.

1) The business is being grown aggressively with appropriately tight management of quality and standards, keeping the compliance and prudential obligations risk under control.

2) The cost/revenue equation is moving in the right direct with positive cash flow already and the prospect of an actual book profit by end of year.

3) Market positioning is awesome with the only substantial competitors - RAMS and Aussie - both 100% owned by major banks (and they have the nerve to claim they're independent). All the others are small!

And yet, SP continues to gradually slip away.

At least Bouris will be taking notice... quite a significant part of his (extremely lucrative!) remunerations package is in the form of options with a reasonably aggressive exercise price. From memory they were somewhere around $0.75...