SEN & Cisco, page-13

Stewart - you have hit the nail on the head - its been potential potential potential for the past three years - I recall the hype and excitement when SEN got the accreditations in the USA - was gunna be a big deal - but turned out to be a massive fizzes - similar with the 100gig box - so far a smattering of boxes here and there, but no take up of any note and we have been led to believe through the grapevine that a big multinational is interested in this box - but 2 years on still no result worth being excited over - SEN IS THE PERENNIAL DISSAPOINTER. AS for FG - he has nothing to say at last two AGMs - what is he doing for his fee ??. In the same space over past three years that SEN occupies other coys have boomed while SEN share price has gone from 22c to 10c. The big question now has to be - these great products that SEN has developed - is there any volume requirement for them - so far the answer is NO.
I can understand that SEN Mgt dont want to mislead the market with unrealistic statements BUT for the past three years this coy has never seen fit to provide the market with any real guidance till the year in question is almost done. History is not on the side of this coy - and I keep wondering why they are hoarding all the lazy cash - are they working on something for the two or three that really matter, or are they so confident of the future that they are hanging onto monster reserves or do they just have no regard for the 70% of share holders that do not matter.