Ann: Quarterly Update & Appendix 4C, page-24

I am ok with this report. I was hoping for more but it is hard to complain about 30% growth per qtr. With over $800k in the last month, that leaves near $10 million pa with no further growth. A $200 million market cap i think is unders here. Might drop tomorrow but i will expect a bounce.

To find a silver lining, getting 30% without strong growth in new telco signings means existing telcos are selling the product. If organic growth continues at that rate, when we start billing large numbers of new tecos, we should see significant compounding

it will be interesting tomorrow.