Q: Thoughts on latest results. Listened to the call - while not in a position to follow everything -I felt the tone was a bit dismissive to the questioners. And what are your thoughts on the debenture buy back - not seeing where they have the cash to complete that but easily might have misread the statements or perhaps a line of credit? Mainly just wondering if that points towards or away from a share issue as Engine is concerned about.
5i Research Answer:
We have comments posted now. Considering the debt and the buyback, we think Engine's concerns are valid. Frankly, management seems all over the place. Considering the horrible execution, we would expect management to be contrite not dismissive. There is too much uncertainty here for any confident recommendation.