<p>Thanks again for the initiative from the SAG. Rolling&nbsp;the dice again with fresh investment needs to be supported by a robust investment case. In the case of The Harcourt Pub some EIS investors may prefer to crystallise&nbsp;their tax loss instead of taking a punt on a residential planning application - therefore this option needs to be on the table. SAG&#39;s mandate was to remove McCulloch and Co - not to assume that all investors&nbsp;wanted to increase their exposure to the London pub market - or indeed the London residential market.</p>