Ann: Annual Report Summary, page-13

Botnick may be highly paid but it is linked to revenue, unless someone who is in the business can offer any comment on what the industry norm is, we can't really say if he should or should not be paid that amount. If he is a high performer it is important we retain him.

What I found really interesting is page 48 of the annual report where revenue is broken down by geographical location. Revenue has more than doubled from the US, but dropped significantly from Europe and Asia. This highlights the growth potential that will come from opening an office in the APAC region and being able to service that region with a team in the same timezone. Not to mention with guidance and input from Mr Besnard who is very successful and influential in that region. Once that is underway, I'd imagine Europe will be next.

Lots to look forward to, most importantly we are expecting another profitable year and with a decent cash balance to ramp up aggressively.