Ann: Change of Director's Interest Notice - Nir **ay, page-42

I think you’re right Kegsy ... I was expecting the first iteration of the product to have higher take up, I assume the reluctance was due to a much improved version to follow shortly ie. Halo. Hence the market remains sceptical and liquidity is appalling. Lack of liquidity, as stated previously, will accelerate appreciation when we have proof of revenue. Not much revenue is required for a significant re-rate. My hope for this stock is a medium term us$500m, which would require revenue of us$50m assuming a 10x multiple. Perhaps 20 customers with contribution of 2.5m$ p/a. This would support a share price of A$4.76 with fully diluted cap structure of 150m.

Wishful thinking perhaps, alas good luck!