A leter form of telex D4 page 8

confidential

Dear Mr.Ioannou

I have received a telex that you have sent some time ago about Albani to be taken over. With referring to your telex 18th august, albani unlikely to be taken over. As far as I can see these rumors too exaggerated because of the family wish remain control of the company together Albani. At present there is no need for concern about these rumors.

I can assure you that do not appear short of capital. There's a reason why you can not continue trading the issue of marketing conditions.

that's all I can tell right now. if I hear anything to the contrary I will contact you immediately.

yours faithfully,