impending quarterly result , page-5

Not announcing the quarterly result until the last few days is typical and indicates another poor result.

Quite disheartening when you are told we will be in profit by December.

For this to occur we would need to be improving our bottom line now not modestly but significantly.

It's not going to magically happen there needs to be a significant change in cash flow. Winning contracts is all well and good but if you cannot run the business at a profit and then grow that profit it's just a waste of time and money.

I don't like to think that we have been had because management do appear to be decent but there's nothing material or tangible happening that gives a shareholder any confidence.

I think this year will be the year of reckoning one way or another. No matter how good a salesman you are you cannot keep flogging a dead horse indefinitely it catches up with you in the end.