Langbar International

from iii

10:00 From a week ago. tiptornado

I am feeling in a bit of a sharing mood today.
Again, a few of you have already recieved this via email, but I am happy to share it now.
Just over a week ago, I fired off a mail basically saying it as I saw it.
Although my mail posed a "possible scenario" it shows that I am not that far off the mark judging by the very short but to the point reply I got back.
I would like to point out as well, that every bit of correspondence I have had between LGB and Bankside has been positive.
All I am doing now, is sharing this info with yourselves, so that you know as much as I know. If you are able to read negatively into my mails, then that is your perogative. However, I have been unable to find a negative comment in any of the correspondence i have recieved.


From: Michael Padley [mailtoichael.padley@bankside.com]
Sent: Thu 13/10/2005 12:32
To: David
Subject: RE: 26%


Can't comment but I would not dispute too much what you say..

Regards



--------------------------------------------------------------------------------
From: David
Sent: 13 October 2005 12:24
To: Michael Padley
Subject: RE: 26%


Michael,

From the way i see it, LGB have been the subject of shorting by hedge funds etc, Elliotts may have been rebuffed so sold out etc. (May have even opened shorts)
And very prudently LGB have now sought independent verification of funds, which is something that a lot of sceptics were using as a "Tool" to drive the price down.
If this is the case, then hats off to yourself and of course LGB.
Certainly, i would hope that once verification is obtained then when LGB is re-admitted it will come back at a much improved price.
Are you allowed to say who will be verifying? (Hopefully LGB have appointed a well respected company).

Am I somewhere along the right lines?

Thanks again.

Dave