what just happened, page-25

I've done my research on this one and I'm afraid in my opinion omegaoil and ferret, you are going to be proven wrong this time.

KSX has the products, it has earmarked a gap in the market and it has already received very very positive reviews in its trials. There is a low barrier to entry for this product because unlike VCR it is not an invasive device and rdoes nor equire copious amounts of very sophisticated trials and approvals. It certainly is nothing like your LUM and QTK ferret as those products never supplied anything that was really terribly unique. They were trying to provide a 'superior' solution to an already saturated market.

You can't use the same brush for every company and use this template generically. Have a think about the technology first and then make judgement rather than template your pre-conceived conceptions.

As for the old 'stock has risen so much therefore there must be great downside'. This is such a fallacy. Think about why the stock has risen so far. Simply its because they are being re-rated due to near term commercialisation. The following two points are very important:

• 2nd generation product – WIM – PC has been submitted for FDA approval (up to 90 day turnaround)
• Two distribution agreements in advanced negotiations

We are on our way. Expect some volatility, maybe even an easing closer back to placement price, but medium to long-term this is going places.

So I remain with my belief that the options are an outstanding price, especially being 4-4.5c discount to the fpo.