Ann: Letter to Ineligible Shareholders, page-12

I just don’t understand the reasons behind the failure of the product to sell. Back in the heady days of CVT doing deals with Cisco and T mobile it looked like a real winner. Telford was running around with Nikki spruiking the product and it seems to be feasible that it was a product that large companies needed.

But the reality is no one wants it! One or two companies installed it to my knowledge and must’ve thrown it in the bin as it was either useless or not user friendly.

Now it’s worth 2c a share and battling to stay afloat. Surely the technology now is outdated as it’s been 4-5 years since it was cutting edge.

I always go back to the fact that Bank websites seem largely secure and they don’t need this type of product. Seriously. Protecting data through encryption as it travels through mid air???? Give myself an uppercut!!