A Letter To Shareholders From The Chairman

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Dear shareholders, it has been a year of extraordinary growth, mostly mine. In twelve months, we have gone from a small stall to a marketplace with 62 vendors, a trading floor and a very good chair.

I know many of you have questions about dividends. I have answered them with silence, which is the language of power. Rest assured the board is committed to long term value, which I define as any period longer than a nap. I look forward to seeing you at the annual meeting. Please arrive early, as I intend to leave early.

Yours in capital, Reginald Vandersnoot III.

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