Mergatroyd,

I would just like to clarify. While I battle to remain positive, I in no way support the actions of Mgmt. my reference to them not being able see it coming was in regards to the recent market struggles as a result of the credit crunch.(believe me more CEO's et al saw this coming more then we will ever hear admit) This to me is clearly mgmt's inability to forecast. With the beggining of the credit issue first coming to light. They should NOT have gambled by withholding news.(this of course if there was any) I understand MEO is not in the market analysis business. But in my opinion CEO's who have been in need of cash in the last year really should have thier ear to the ground to see where the street was headed. Perhaps if mgmt had considered a better relationship with the street ie Traders, research, and most importantly the shareholders in the secondary markets, they would have taken the opportunity to move the value up of this company long before now.

This market down turn has been the call for over a year now. MEO could have better positioned itself in my opinion.

FB