Now let me get this straight. No longer invest in the Hong Kong venture or the lot? If he is talking about not investing in Japan then it is dead in the water. Qantas has invested $100 million over the last two years(2x$50million) in Japan and his words not mine was the business is stable but "losing money" at a rate of between A$8-12 million a year which means it is heading for bankruptcy. Due diligence is a basic board member's prime responsibility and again this is not their money! Remember this is not our sandpit! The IPPB rules were always there, nothing has changed!