announcement, page-35

Guys

Those of you who went to the AGM and heard the spiel on why Biograde had to be a part of CNN would be a bit disappointed that not a sale has been made 6 months later (price sensitive at least) and its near 12 months since the Olympic contract which should have provided gainly exposure to their major product.

It is also over 3 weeks since KMart announced what bags they would be using and not a word from our leaders how CNN faired in the trial. What are the disclosure laws on these events?

My question is what is it that makes everyone so confident an order is imminent? I have seen this scenario so many times before where the talk is up, something big is breaking, this month next month or the month after and nothing eventuates.

Who actually really knows where the 2m is being spent?

Scares me when we all start speculating on 10-20c again especially with twice as many shares. Are we being realistic here.

What we should start speculating on is what price will they start unloading their humungous amount of shares again because it could be everybody heading for the door at once.

To my memory we finished last financial year at 3.5c so going on achievements throughout the year, unless something dramatic happens in the next four weeks 2-3c would be pretty line ball.

Comments appreciated.