investor update, page-36

re: below 4.5c entry of private placement yeah agree somewhat that it looks that way....although they did acknowledge in their last report that additional costs were incurred due to amalgamating the two acquisitions and getting revenue to flow following setting up systems
This is a common problem following acquisition as you have to give the business time to sort out things like bad debtors/actual profitable business /etc...overheads
I have been involved in a similiar activity and it takes a while to get the business model cranked up ...it would be fair to say that TEE will have to show a 3rd quarter profit otherwise the market will not appreciate it......the other factor is manipulation of shareprice which can also take place.....i recently spoke with the company and the questions that were answered suggested to me that they are now on track to report a favourable result....i guess the proof is in the pudding...cheers Jam