deafening silence, page-19

re: reality Alot of you guys only ever nail the coffin of the company, and expect us to take you seriously when all you ever do is assume the worst.

This is not basic tech equipment being sold at the local computer store.
The first mover status of the technology is significant. The clients are significant and not fickle in their decision to use the technology.
R and D is a substantial portion of sen spending.
The product is the most tested and proven high capacity and high speed encryption technology in the world. That is significant.

What ever you think of FG and RL and their market estimates, the market size of Asia Pacific is realistically expected to be $2 billion alone over the next few years and that is backed by Deloites research.
JDB is not shy of the market estimates either, despite not being responsible for anything FG or RL has said in the past. He runs the show now and he has reaffirmed the coming market size.

The company announced two things that the market didn't like last financial year. Lumpy sales which was a timing issue that affected half yearly sales, and in reality is a resolved financial paranoia.
The second was FG selling less than 10 % of his shares.

The full year earning forecasts have been reaffirmed numerous times.

If you ring the company you will find out that the new CEO has established a policy of releasing non confidential announcements that have a immediate substantial financial or structural impact on Senetas via the ASX, but progressive contracts, sales, and regular business news is to be released via the company website.
There will be announcements regarding the cypherblades etc, that were promised last year, and it will be made via the ASX. The timing is in the hands of a new executive, namely JDB, and as his expertise is sales, he is overseas selling sen product and services, establishng new channels, and developing the company as we would expect. That said, the announcements we have expected will be made and are not ignored or irrelevent.
Personally I look forward to the announcements over the coming months.

I was informed that the full year results will be at the at the latter end of the reporting season. Financial forecasts are unchanged. Earnings will exceed $11 million as stated in previous announcements.