Merrill Lynch looks to be bought out at a 70% premium after playing fast and loose with the mortgage securities and working every dodge imaginable to keep above water. Such a relaxed and easy solution after all their shifty manoeuvring over the past year!

It may be sour grapes, but it seems manifestly unfair that in comparison our much smaller Company, well-funded and with ultra-superb prospects gets given away for a pittance. There's shareholders and shareholders, I guess. A rose is not necessarily a rose any more!