Ann: Investor Presentation, page-9

interesting to see the presentation mentioned Hong Kong, Sydney, Mnelbourne & Frankfurt.

Indicates to me they may be doing a roadshow to investors. Always a good sign, but also raises possibility of a cap raising.

The reported fees indicated in the presentation are higher than I had expected. Transaction fee in excess of 0.2% is huge considering this all becomes an automated process.

Microcap fund managers will have to start looking at this now. XM phase 2 is 'imminent' - and that means opening up to the rest of Europe - that alone is a very significant milestone.