Ann: Appendix 4C - quarterly, page-111

What got them into hot water was hyping non-binding MOU's as binding contracts. Now they have come out and told us that all the previous contracts are really just a chance for the companies to try the software and pay if they use it (pay-as-you-go) then there is nothing more to announce. None of the companies are going to tell GSW they are not going forward, they just won't use the software.

I try new pay-as-you-go SAAS apps all the time and if they aren't suited to my needs I just stop using them. I guess if the company wanted they could continues to see me as a customer, but in reality I am not.

Joel and Bane can just say nothing at this point if they want about any of the MOU's they hyped last year until forced. If I was them I would stay very quiet unless I had good news to report.