Halliday v IOUpay, Supreme Court of NSW, page-56

The $47M valuation is based on assets alone. New operating costs of 43K a month means we are running at a profit without anything being done. Bring in recovery of stolen funds and insurance claims and cross fingers, we should be looking healthy as a company. Will take some time, but when the company can gain some trust again in the market due to the new BOD and they see how operations are being managed and run, I have high hopes again for the future. This wasn't the case a few weeks ago. Thank God for Clee and his tenacity. Thank David Halliday for sticking with it and thank a core group of shareholders that have fought tooth and nail to assist in any way they can. The odds of a company coming out of VA are so slim, but we have done it and for once I really do think the future is bright, though will take some time to get there.