Ann: NTC Investor Update Presentation , page-7

Guys,

Earnings for P/E calculation, is based on NPAT not EBITDA. This company will therefore not have a flash P/E at all.

As I previously stated, the exchange-rate thing cuts both ways. If it is high they will probably make more profit from their imports, which are BY FAR the largest component of NTC's revenue (especially sales to TLS ). So I'd be quite sure a lower dollar is not what they need.

Watch for the up-coming capital raising.