announcement just out on asx, page-2

DONEIT

This company has had a lot of promising software developments over the years and all of them have led to a June qtr "Receipts from Customers" of 50k, and there in lies the problem "NO INCOME".

Throw your good money after bad if you like, but after watching this company for years, I see no reason to be overly optomisitic about it. The fact is, there is a possibility of having 2 billion shares out there in the next 4 or 5 years, can't remember exactly, with a high probability of even further dilution to come because they have ... "NO SUBSTANTIAL INCOME", in fact, the income levels, based on the last qtr, are dropping not increasing.

Good Luck if you buy more, at least you will be averaging down, I suppose.