results due, page-16

True Chris. Plus note SP before the upgrade was at low 34cents on the thurs/fri, after a shocking week. I called the company that week and queried a couple of problems in the 09/10 final report, as a way of explanation. I'm sure many others did as well(looking for a cause) So TT and JM were well and truly under the pump from holders, yes, everthing was going forward extremley well and they new it. So obviously agreed on and rushed out a positive earnings guidance over the weekend, and realeased it on the monday at 10am, to put out the fire. They just overstated it, but it did flatten the SP out even if it was in that 40-45c level.

Why was there that sell off? It started around mid June when we can assume rumblings of share consolidation were around. (always negative, check out the posts on HC at that time!!!!! it became a self fullfilling prophecy) Add to this Union Pacific started to dump and by the end Sept had dumped 60% of holdings.(why did they dump? well i think TT alluded to this in his phone call to Werley) Add to this during the August meeting JM was asked in general question time about all the "China Hype" that drove the SP to 16cents ($1.60) early on when they switched from presenting shows to owning ATM (Himself, i hope you Traded this stock then because that was when a lot of money was made) Anyway as i have said before JM said it was just hype, and not sustainable ( but noted none of that hype came from dirctors/management) So word would have got out to all those punters that bought, and still held in hope on the back of hype (much the same as a resource stock) that the dream was over and they would have bucklies chance of ever getting their money back.

Since that mostly now confirmed upgrade we have an additional 4.71% share of NEOICP, we have a 7 year $63mill contract whose revenue and profit would not be in 1H, and to complete the trifecta an order from Family Mart for another 2500 machines by 2012 and the chance of a further order of another 10,000 machines by 2014.

Like you Werley i was around early and whilst in the red today, and somewhat miffed, i see no point in ripping my head of with hindsight. Plus based on my confidence on the research i have done, i am staying put.

Finaly regarding China did you note the paragraph on page 4 "we continue to work with our strategic partner Yunnam Nantian where we have jointly developed a cash dispensing module as a key component within their own ATM. The commercial terms of any future arrangements are still being negotiated" A slow and carefull as you go JM has said many times regarding China. Maybe one day we will see some of that historical hype come to pass. DYOR