Mr. Seamus McCarthy:

EI put in €800,000 into two specific projects. There were two smaller projects as well between 2005 and 2007. EI did not get a share holding in relation to that. After the transfer of the IP to FeedHenry Limited, there were a number of rounds of investments. EI went in on two different occasions at two different prices. Other investors went in at around the same time, at similar prices. Those rounds would have had the effect of reducing or diluting the share holding.