CYM WATCH -- GROUNDS FOR OBSERVATION (LEGAL)
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 Class: WATCH -- LEGAL PRIVILEGED
 From: Legal
 To: Monitoring Desk; Corporate Development

 For the file, should the watch ever be questioned. The
 observation of CYM Caring Corporation proceeds under the
 following headings, any ONE of which is held sufficient:

   - SUPPLY SECURITY: CYM operates in a market adjacent to
     the programme's interests; continuity of that market is
     a legitimate object of monitoring.
   - MARKET INTEGRITY: assessment of a vertically integrated
     operator for anti-competitive effect.
   - COMMERCIAL DILIGENCE: standing preparation against a
     possible future transaction (see [ACQUISITION-APPRAISAL.TXT]).

 No warrant, notice, or disclosure to the subject is required
 or advisable. The subject is a company, not a person, and the
 observation is passive. This note is the authority; there is
 no other, and none is needed.

 See also: [ACQUISITION-APPRAISAL.TXT].