agm, page-7

Stoss
Enjoyed talking to Greg at the AGM. I keep searching the market for another Redflex but I just can not find one.

As to growth outside the US. I think the company will be so busy inside the US that they wont be able to handle a lot of other business

In the AGM presentation RDF has estimated the US red light and speed market at 14Billion US dollars.

If RDF ended up with 10% of that market profit would be close to 500M and a share price of $100 a share would be reasonable.

The numbers are just too large to contemplate and I might not live long enough to see a $100 share price and I am sure we would all be over the moon if $20 was achieved.

I think the message has finally sunk in to existing shareholders that they are sitting on a sensational investment and the number who are considering selling is diminishing each month, causing stock scarcity and a continuing rising share price. Sometime next year RDF is going to get into the ASX200 and I really dont know how the indexed funds etc are going to get stock without pushing the price much higher