Ann: Response to ASX Query Letter, page-86

Haha I find this funny. The SP was at its peak on the possibility of the company turning big cash flow and the hype of how good the US fixed odds market potentially could be. The share price was a false reader and people just followed the hype.

Yes BET had a hundred million in the bank but the cashflow growth year on year has been staggering and to say no cashflow is going into BET’s coffers is just wrong. Expenses for hardware have not been cheap along with acquisitions, expanding employee numbers. All of this costs money.

BET is not a quick hitter for the impatient which is strange that I invested because I’m not a patient guy. This company is going to be worth the wait. Love to see .20 before the next quarterly or even lower if they don’t post a profit this quarter.

I’m all ears if there is a better value stock with BET’s long term outlook.