Ann: Appendix 4C - quarterly, page-78

As I said there is a business here. I can't fathom something that has no revenue or is a promise years down the track. I need it to be quantifiable. But I've made the mistake before in terms of buying just for revenue growth. So I want to see some scale if possible. I think it's a good business model and makes sense logically.

Part of the problem was the bloody spike a year ago, which has set expectations too high in the short-term.

I also think someone like Steve adds value in terms of analysis and doesn't just say 'greatest thing ever', even if he is a little bullish!