start your roadshow, im getting bored, page-9

re: - extralite Hi Nowhere Man,

Regarding O'Hare, most likely. But regarding Marland, he was formerly a major shareholder in, and a Director of TMN (Telemedia Networks) which floated in (circa) 1999 and crashed and burned in May 2001.

In the weeks leading up to the May 2001 collapse (resulting in Receivers being appointed by Westpac, and Administrators, by the Board), TMN touted a flip-up to a Nasdaq listing and appointed several new Directors (including from Sun Microsystems).

The share price went from 27c to $1.05 before falling back to 73c, at the time of its final suspension. Prior to this, TMN had scaled the heights of $8.00+ during the heady days of late 2000 and even going into 2001, was near to the $5.00 mark.

These points are relevant because Marland has previously fronted a publicly listed company which both rode the crest of a wave, touted its success, and then failed on the back of a limited billing management system, some bad debts involving foreign telco carriers, and a reluctance to pursue recovery of those bad debts (or indeed, to save the Company).

So, it will be interesting to compare Marland in his "new role... as captain... of a listed, public entity", giving his prior experience with TMN, and his ~9 months experience at SWT.

Now, someone should do the actual calculations based on $26.5M in 1H04 revenue, 10,000 customers, 16,000 accounts and 43,000 individual billing points (all sources, including wireline, mobile GSM, mobile CDMA and broadband). The corresponding ARPU values will need to be lifted much, much higher to make any real difference in building a future revenue base.