Ann: Quarterly Activities Report, page-5

The report seems a bit lean but they are still moving forwards with increased group revenue. There are a few good contract wins and a few that they haven't reported on since they were after June 30. The share price drop to less than 50% of what it was 6 months ago is a bit of an over reaction IMO so I think it still represents value as a long term holder.

Perhaps I'm an optimist, but the language in the last reports has all been about positioning themselves for the future by

• hiring the right board members senior management
• making the right acquisitions
• and creating inroads in the the markets so that they are positioned for growth.

This positioning seems to have been completed this quarter, so hopefully BID is a case of ...

1. Forming (acquisition)
2. Storming (This quarter)
3. Norming (This quarter)
4. Performing (next Quarter)