Ann: Shareholder Update , page-7

Hi all,

I don't think that the market will take much notice of Mikoh's forecasts anymore.... and why should they. Only hard cashflow numbers will get this going. On the surface the Thai deal looks like it will do this.

I mean take a look at the latest cashflow including - 79k receipts from customers and 781k in staff costs for the last quarter.

At the beginning of the financial year I recall a full year revenue forecast of $5m - which would have seen them about breakeven based upon last years cost base.

It will be interesting to see what they "book" as revenue by 30 June v cash actually received.

I live in hope (still) - but the Thai deal should be the turnaround deal for MIK - from next financial year.

sents