Ann: Sale of Shares by Directors to Institutional Investors, page-147

Always happy to participate in courteous debate.

My first argument: the reason demented Mr Smith is not receiving his analgesia in a timely and appropriate fashion is that there are only two nurses on duty; one of them is 5 doors down cleaning faeces off Mrs Duggan's carpet and the other is on another floor trying to wake up Mrs Raju to give her her blood pressure medication. What they need in order to look after Mr Smith better, is not the purchase of new software but the hiring of a colleague.

Second argument: I see from the April announcement that the intention is to roll out a version for young children who "have not yet learnt to speak." I can understand that many investors on HotCopper haven't had close dealings with nursing homes, but surely they have encountered young children in pain? Is there ever any doubt that they are in pain? My experience is that the whole plane is made aware of it.

I can see that there may be a role for Painchek, but a market cap of a quarter of a billion dollars overestimates that role by a factor of about a hundred. If the company can persuade politicians that there are votes in it, it may make a short-term killing of course, but never enough to justify this share price.

In my obviously humble opinion. Good luck with your investments.