annoucement out, page-11

re: annoucement old mul smile imo sambora,
pretty much most of todays ann was talked about at the agm. im in the same boat as many of the other punters here, relying on media articles, anns and general meetings for info, but IMO looks a lot healthier compared this time last yr.

they could post ann's. of every development/contract till the cows come home, but been there done that, and have observed that they dont do this willy nilly anymore.
we all know the potential, but these days, im more interested in the bottom line, and want to see confirmation of these recurring revenues. ie financial statements showing profitablity.
then ill be happy.

one of the things discussed at the agm, that i liked, was their more focussed approach, by catering for all their individual, existing and potential customers. not just providing bandwidth, but also the whole package, ie development of technology and services for different customers needs in different industries, and building a good relationships with the customers. there were good examples given.

i will correct/define my last statement, "full steam ahead" got a little too excited, especially with the action early this week. but what was also said, at the agm, was that they are taking each new potential contract one at a time, so to speak. making sure every care is taken in landing each contract, and building the business strongly piece by piece, on a solid foundation.

hope i've given u some more insight to what my opinions are, and how i had come to reinvesting in this co. i could elaborate further, but ill be here all day, my lunch break and my stomach is grumbling.

R