Ann: Trading Update, page-76

DHL would not provide CW with $300M cash facility.

CW relies on free credit from suppliers.

DHL does not fund other people's businesses.

Their game is logistics. Sigma wanted growth but created CW which cannibalized their sales and others and became the best it could not control.

It should have upped it's own brand like API has done with Priceline. Compete on other aspects besides price.

This like optus or telstra letting one of their resellers getting our of control such as crazy John's and others.

Sigma should have cut them down to size earlier. Now it's a tough slog.

It will need to attack EBOS at hospitals so they cut their losses with CW. CW comes crawling back so they can be hammered into their rightful place.

Until then it's really and unknown.