The converstaion with Chef seems to have died down, but my twopenn'orth on his position is that a year ago he was right about the share price, but mostly for the wrong reasons. He based his view on lack of growth in the mobile games market, and on SPS not having the IP (which he still believes and may eventually be proved right). The shares have bombed because of the unforeseen time-lag between networks signing up for SPS games and their actually making them available to their customers, showing our management team (and us longs) to have been seriously over-optimistic IN THE SHORT TERM.