ANY WEAKNESS SHOULD BE USED TO GET IN. THIS IS THE MESSAGE. THIS SCENARIO WAS THE MOST LIKELY ONE WE EXPECTED. NOW, THIS OFFER WILL FAIL. THE BUYERS MAY PLAY FOR TIME AND SEE IF THE STOCKS DROP OR NOT BELOW THE OFFER. I THINK NOT. AFTER THAT, A NEW OFFER MAY OR MAY NOT COME - EITHER WAY, CLUB MED HAS A LOT OF CATCH UP TO DO WITH THE SECTOR.