Ann: Anittel wins technology industry award , page-15

Rob

Whilst I can obviously understand you getting a little upset at people bagging your company, if you read through the last 6 months of posting you will see there are a lot of valid points and issues raised by shareholders/ex shareholders and those sitting on the sidelines.

I suspect a lot of shareholders think that AYG does not deserve the benefit of the doubt with their perforamance since the merger.

The missed profit forecasts, the rights issue to keep the doors open, the share price at half a cent, the revolving directors door and the writing off of purchased goodwill in excess of their market capitalistion.

The latest quarterly report was terrible again and if they have a similar result for this quarter then the company will need more money from Kazacos.

To be specific, the performance of the company has been sh*t since the merger from a shareholders perspective. I imagine the systems and everything else in the company has evolved and got better and this could be a measurement of the company improving. However from a shareholders perspective there has been nothing released that has added any comfort to the future of the company nor any form of measurement that could be anything other than unsatisfactory for a shareholder.

The company has been losing money and all the while making releases about the latest takeover in regional Australia. I am sure the justification for this is they bigger AYG is the more liklihood of making money - however you could understand the shareholders apprehension that if the directors cannot make the fundamentals work on the existing smaller scale, what chance do they have with a bigger, more cumbersome model that could risk the future of the company.

The link is that buying all the companies AYG has over the last 2 years has obviously had the impact of increasing turnover; and they then win the awards. The fact the company then writes off a fair portion of the goodwill that was purchased chasing the turnover leaves only class of people getting screwed - the shareholders.

You may find that is why there is an element of contempt for the releases regarding turnover. That turnover that has been bought has cost a lot of lost value to existing shareholders with the goodwill write off.

Having said all that, there is always the potential that the directors can turn this around and have a very successful business, especially with the financial support shown by Kazacos.

At that point the performance of the buisness will not be sh*t and no one will have the opportunity of critisizing the company since its results speak for themselves and shareholders are happy.

If they do that then I will be in line to pick up the shares at half a cent and make a profit......hopefully.

I am waiting to see that the first glimmer of hope that the turnaround has occurred and I might see some value for once again being a shareholder.........it is just at this moment in time that glimmer has not appeared.