announcement out - omg!, page-32

Paul100, your statement "that's a lot for a company that makes no profit" is quite incorrect.

MBE has gone from a loss to a $390K profit and are heading towards a $3 mil profit for this FY, almost a 10 fold increase. Turnover up from $12 mil to around 20 which is also pretty impressive. This is from Australian carriers only with no revenue from OS.

Clearly MBE are getting their OS relationships sorted with the Syniverse deal with 1500 carriers on the billing side. They now have to get the integration done with each carrier so the rollout can occur. The US and SingTel is in addition to this which will be massive.

And what about the incredible lift from 18,000 to 28,000 No Limit Games increase in 3 months at $3 a pop per week. Wow.

I am expecting some increased costs for this half which will explain the signings so far and the extra 122 million subscribers coming before June 30. This will vindicate any additional costs with the subscriber base about to be 5 times higher with only one or two signatures.

The true believers are entitled to be a little deflated after that outstanding update which was desperately required to put a floor under the price. All we need to do is wait for the bank account to swell in the next quarter plus any further OS deals for the manipulators to turn into big buyers with little stock available at these ridiculous prices.

Frustrating....