AnteoTech renews AnteoBind contract with Ellume, page-72

Hi Chris,

I appreciate your thinking ...but not your arithmetic.

100,000 to 19,000,000 is 190 times - so on your 25% calculation that would be $41.8M. On that basis, the Ellume deal puts us cash flow positive for the first time in the 16 years that I have been a holder. Happy days!

I cannot comprehend why posters are expecting financial details to be provided to an open market. Does anyone know what Dell pay for a motherboard or memory? Or the margin they have in a laptop? We find the overall financial performance from reports on a regular basis - yes, it is painful to wait, but it does get there.

This is now the first of several boxes that need to be ticked in the near future. Arguably inappropriately delayed, initially by management, and then the complexity of our submission with a test strip, multiple sampling techniques and a READER to a Government body such as TGA that won't be rushed. TGA approval is the next really important one to give us a saleable product in both the Australian and other markets. That will generate income - but you will not know how much as it will be included in an item called Sales Revenue in the reports.

Following that, hopefully a battery deal and we are on our way to the substantial rewards that we all hope to see.

Now of all times is when we need to be patient, enjoy Xmas and do not sell even one share to the manipulators unless you need money for some urgent purpose.