hi umshebi, page-4

Hi seanmorr

Roll-out was meant to start yesterday, by the way, for anyone who had forgotten! So when I asked Roman for status I got...
Quote: "Correct , today is 30th July. Product launches and training of pharmacists has been going on for the last three weeks around Melbourne and Victoria.

We have the Consumer packs ready for Sigma, however Sigma internally on their marketing side are not ready to go until 18th August. They are still doing their in store posters and displays. That is the hold up. We now have 30 Test sites – not at Medical Clinics -around Victoria, some will be once per month , some once a week , some more regularly. We have technicians on standby, we have most of the equipment. We believe we are ready.

UAE. NGT, the distributor, has earmarked once of the Group’s Medical centres to start the test. They need to find some technicians, who need to be trained by us initially. The first two machines are ready to be shipped. In UAE the months of July and Aug are very hot (50c) and so we do not expect NGT to start moving until Sept."

I converse with Peter McIntyre (#2 behind Lanadrac). He visited the Dr in Italy supposedly heading the "trial" set up by Bonvino, shortly after the ann. was made, as he was over there on holidays. Dr laughed at him and said it would never go anywhere. Notice the silence on Italy? Roman refuses to talk to me about it - Peter had made a half veiled threat of civil action.

Beach House is a flop. Only hope is Sigma (and its legitimate+++). IMI have to do a raising now, at the worst possible time on a vwap that is like a waterfall. Directors will probably put the money in (can't see them doing another raising through Bell Potter), imho - Chair and Walker will walk away with a motza of shares and we will be diluted, just before the cash kicks in. There is no conspiracy there - just terrible timing and circumstances. I hold because of the CPI and what that could do - and because they're nearly there.