Ann: Appointment of seasoned Australian Director to the Board, page-15

In the investor conference call dave said that the companies displayed in the pipeline were built up from approximately 4 months worth of sales work, and that the pipeline was valid as at September or October last year? I’d say it is a safe bet that there are now a lot more companies in the pipeline, and that a lot more of the ones previously displayed are now either under contract or close to being under contract. Also note the calibre of many of those mentioned (US govt departments, airline carriers etc).

Also, not only did Dave explicitly state that the sales cycle for the sector is quite long, but that many companies will not allow their relationship with Buddy to be disclosed (due to obvious security reasons). I think it is safe to assume that the companies for which non-disclosure agreements would be in place are these “big fish” that are constantly being speculated on.

As to Dave’s constant globe-trotting, I think we need to think about exactly what he is up to rather than slandering the activities. I very much doubt that he is spending 50% of his time sitting in aeroplanes for fun. Who likes flying that much?

I admit it is hard to not be jittery with the price sliding the way it is, but even writing out these points I have reminded myself why I am onboard.

Good luck to all, and a head nod to those topping up at low prices.