II - happy for people to disagree with me but BRS's results last week were terrible and they lost 28% in a day, including 21% while the call was on. I'm not saying it will be them but the finance guys think as a stock it's a dog with fleas right now. It's a major cash flow issue.
PHI - I'll defer to greater knowledge. Wasn't seeking to tar all with same brush, more that kind of size organisation needs to go before equilibrium in the industry takes hold.