half yearly report-trader10, page-20

re: half year report - better than expected The actual loss of 1.3m was better than expected -
previous guidance was 1.6m

remeber first quarter loss of 1.9m operating cash flows on revenue of 1.4m

Cashflows over the 6 months were down 3m for operations, so 1.3m loss is comparatively better

Previous 6 moths to June 05 was
1.4m revenue
1.9m loss

Revenue sustantailly increased with losses reducing

One would expect this trend to continue at an exponential rate.

Also for the cash position, the Stratosounde divestment of $1m will boost cash on hand - expected to be paid by end of quarter


Anticipate early selling on open - as most stocks that come out with a loss incur, some people must have been expecting a profit??

Current quarter will give more guidance than the 6 months to Dec 05

What it does tell is that quarterly operating cashflowss are lagging on actual profits, and an improvement in these figures will extend much further on to the bottom line (3m loss in operations for the same period equated into a 1.3m loss bottom line)

All in all the reports show growth reving up.

I sit and wait