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I'm not sure this post is appropriate for a chat room. I have a feeling that these formal letter are issued a certain stage where a 'case' is being developed. We don't have knowledge, or sight, of what has been written, or said before - so its foolish to comment.
Kevin/ ZCW / Mainpine have to decide where they stand - its their judgement / their risk/ their profit or loss.
I think it best to stay stumph!
 
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