Recopy of your post gumpy.

The MD&A is a very important section of an annual report, especially for those analyzing the fundamentals, which include management and management style. Although this section contains useful information, investors should keep in mind that the section is unaudited.

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Good discussion, however the key word is unaudited. In the economic slowdown/recession. This section mean absolutely nothing. Investors are told and they are looking at the liquidity aspect of a company. What liquidity does this company have? Secondly the unaudited means for wwf that they do not need to provide truth by having substantiation documentation. It is a visionary aspect of the report?

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Question for the board, being that cashflow is the number #1 thing and its liquidity. Can anyone tell me what WWF is current.