Ann: Appendix 4C - quarterly, page-19

The whole Tech sector has been hammered yet paradoxically the Nasdaq continues at record highs.
There is a definite mkt sense that a lot of these companies will go to the wall so Institutional money will wait for the survivors, like GGL.
Last Q revenue grew at 22% to $4.5 mln and management very confident that growth will be greatly improved upon. Also they have cut costs by $1.8mln annualised, again something they will continue to do.

Why is the SP not moving?
1/We don't have a stockbroker covering this and management are very conservative and quiet about future prospects.
2/Lack of liquidity. Insto's can't get involved...yet.
3/Only been around for 1 year. I believe the next Q in August providing it achieves what the Co' is saying, will finally show they are are making increased profits and continue to acquire blue chip clients.

This stock is not a SYT, XPE or SMA who are bleeding cash with no revenue, it's more like a BIG who has a very similiar business with solid revenue coming in.

I keep saying I hate checking the SP daily but human nature prevents me from doing the sensible thing and check it on a 3 month basis.

Patience, patience ......and more patience