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Ike Latif

09/30/01 11:28 PM

#853 RE: Ike Latif #852

Markets don’t flourish in vacuum and uncertainty, the world before 11th Sept is different one from the one after that has considerably changed. Market high P/E’s are only justifiable in circumstances where freedom prevails and mankind progresses to its full potential in an environment that has no element of coercion, intimidation and terrorization. Some may think that we have been emphasizing far too much on issues that presently confronts us, but such is the gravity of the situation and complexities in relations to markets that unless a complete understanding of this new phenomenon is reached, markets levels are difficult to predict. I will like ideally to get back to work and start doing what we do best but in recent state of affairs I will for my own self will concentrate on strategic developments that will determine the course of events in our markets. Please bear with us in the little while, we sloppy people with too much of thinking going on will take some time but will soon be back to normalcy.

Iqbal Latif