BCT - Compared to QUR, page-30

Sorry it's taken so long to get back to you. I've been a holder for the past 2-3 years, and along the way there have been a number of moments I've got quite excited, only to find the promise/excitement didn't turn into meaningful cash.

For example:
- BCT signs Aus distribution agreement with OnQ Software, Feb 2014
- Bluechiip signs LBD as distributor for China, Feb 2014
- Bluechiip signs international co-development agreement, March 2014
- Company update - first sales, April 2014
- Product Sale to Australian Synchrotron, April 2014
- Development and Commercialisation Agreement for China, May 2014 (this one got people excited!)
- Sales in USA and EU, May 2014

So lots of positive announcements (although none mentioned dollar values), and the revenues for the year until 30 June 2014 were only $42k, down from $85k the year prior.

More announcements followed, these two particularly getting people hyped up...
- Bluechiip Tags in Volume Production, August 2014
- Japan deal, Oct 2014 (annual purchases of 300k)

The half year to 31 Dec 2014 also featured a test and evaluation agreement with SIAD in Italy, the Japan deal mentioned above, deals in Korea, Taiwan and Malaysia, but revenue was only $29k.

Full year to June 2015 showed annual revenues of only $34k, down from the previous year's $42k.
So much promise, but declining revenues.

So you can see why I might be a little skeptical about current announcements. As I said, the technology seems to be great, and I expect demand will keep growing, however I'm not getting too carried away with the hype because I've seen so much hype in the past that has ended in tears for many shareholders.

Oh, and there have been a string of capital raisings which have diluted the value of shareholders' funds, and I expect another isn't too far away.

That's just my 10c. Not meant to be official financial advice, just how I'm seeing things.