The registrants acquired the shares because they believe that the shares are undervalued in the market place,

is greatly undervalued and that the company is in need of a major restructuring.

If we are able to conduct such a due diligence review, we believe that we may be in a position to make an offer for the entire company at a substantially increased price.

In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.

The most important thing is that the stock market had declined to levels that were arguably undervalued, and that many aggressive managers also realized there was a great deal of pessimism.

Patrick shares are going to be up near A$8 because that is what the market was looking for before it was blocked. When it got shot down by the regulator everyone was disappointed, but upwards of A$8 is what is needed.