just thought I would start this post out by highlighting an interesting web site (novalux off shoot of course).
Email to Scott Wilkie:
Few questions for you mate ( i will try not to make them too labourious)
Indian customer with significant outstanding payments: Has there been progress? What do they have outstanding and at what periods? Is it likely to be a real problem? Seems there cashflow restriction is looking like a real problem?
Major customer is national carrier in India. Their integrator/architect is being paid on time but not passing along the payments. As far as we know they don't have any problems with our products. See todays announcemnt for further detail.
Other customers: Are there any other customers with outstanding reciepts of noting? Has there been any progress with the Chinese partner? Any progress on the Australian Telecom front?
No sales intended in Australia at this stage but further progress in China and elsewhere. Other customers are paying in a timely fashion.
Laser TV: Has there been any progress? It has been awfully quiet on this front especially given the tie up with the cinema company and the Novalux acquisition, not to mention the Mitsu release of laser supposedly quarter 3 this year (which would mean they should be producing by now?). Any chance of a shareholder deal on laser tv when they come out? (had to throw that one in)
Lots happening in the consumer space (ie. display, projection and industrail lighting) per last weeks announcement. Unfortunately i am restricted from mentioning names and projects at this stage. You would think that shareholders deserve a discount on laser TV's when available so i will appply all of my power (Ha ha) in ensuring this.
Shareholders: I havent been able to find the updated list however has MacBank's holding changed recently?
No changes to Mac Funds holdings but its been a tough time for all of us.
I am hoping that the new CEO really pushes greater disclosure to the market going forward as I believe that this would really help the stability of the share price. It seems that holders are so skittish at the moment they will take any period of no news as bad news.
Understood and agreed.
Well Lemas thanks for the email addy again. In keeping with the spirit of the ARR interested parties on hotcopper I had pleasure in providing the above.
Who is going to the meeting? I am living in the UK at the moment so I am out?
