potential multibagger here...., page-15

Since we're adding CV points, I have 9 years of experience in electronic product development, some of which was for a leading avionics company in the UK. I have a good understanding of safety critical system design and failure mode/effects analysis.......

Thanks for that.
You didn't answer a previous question.
'Are you, or, have you, worked for MBO in any capacity?'

HMMM...Now MBO/Mobilarm did a trial with a local Perth company Cybertechnology...

"The demonstration featured several very different scenarios to display the aircraft?s versatility on its first mission over Rottnest Island and Fremantle."

http://www.cybertechuav.com.au/WA-Technology-revolutionises.html

One of the technologies on display, with particular relevance to the marine industry, was the Mobilarm V100 VPIRB or Man Over Board system. Once activated, Mobilarm transmits a mayday distress alert and real-time GPS position of the person in the water to all VHF marine radios within range for the quickest rescue possible."

Q1.)Would that be your company?

I never argued with you regarding the burn rate and failure to deliver to date. Particularly the i-lert product, which AD Engineering helped prototype (I heard there was some kind of falling out between the two companies). I also completely agree that greenie's post looks like a ramp. However, 2004 was a long time ago and there is only one person still left from that era (certainly not Mark Pallister, who has had nothing to do with the company for years yet still appears to stain MBO's reputation in Perth). Things have changed a hell of a lot.

Q2.)If the Q1. is true are you not also a personal friend of the past owner of A.D. Engineering?

"I am also not trying to defend the way Mobilarm has been run, the fact that none of the products have sold very well OR the appalling balance sheet. I ONLY disagreed, and still do, with your original wording. in particular your claim that "Electronics at a basic level has inherent problems with satisfactory performance...let alone a FAIL SAFE... LIFE SAVING DEVICE!". If the people designing a safety critical system know what they are doing, you should get a hell of a lot better than "satisfactory performance".

Let's agree to disagree then?

"Finally, you keep referring to a single product. Since your interaction with the company, MBO has developed Crewsafe, which is an order of magnitude improvement over i-lert (which is a good example of product design but only supported something like 8 tags). MBO also now has a completely different category of product in the V100 (and the Submariner version of this). This product is a departure from traditional locater beacons because you can just buy the beacon and you don't need any special receiver (watch http://j.mp/eueCKg)."

Agree and understand.

"Again, I agree that rampant product development without sales to support it is pretty questionable. However, based on the last quarter's revenue increase (see ASX releases), the V100 product APPEARS be selling better than any product in the company's history. As always, only time will tell"...

Yes it will...hope you will take the time to answer this post and if the questions I have put to you are correct, then, I hope you will respond truthfully as you would not want any misrepresentation issues???