A direct, on-the-record quote from Ilford, just after the management buy-out succeeded, concerning their strategy before bankruptcy:
"We bet the farm on digital, and we very nearly won."
This is of course a reference to the way they treated silver as a cash cow to fund inkjet paper development. Understandably, they never gave me the exact figures, but equally, they didn't argue when I suggested (under the old regime) that silver provided 120-150 per cent of their profits.
This is interesting, but I don't understand the percentages.
Isn't more than 100% a mathematical impossibility?
Regardless, it does sound something like the behavior of a larger, more yellow company of late.