Ann: ATV Completion of Share Placement, page-15

Sorry you feel that way Bluetech. I just graphed the tech sector on the ASX since ATV IPO date and it explains why I feel 20 years older than I am right now. In 1,020 days, for the 166 tech companies on the ASX only 21 have shown a meaningful increase in SP (19%+). 6 others delivered between 1% and 6% growth. The rest are zero or in the red.And by red I mean 95% of the negatives are more than 20% down but thats only 12 companies. 84% are more than 40% down.

That means only 12% of the entire sector has delivered a positive result for investors since our IPO. Of those in the red, ATV is the exact median number at #61 of 121 tech companies.

Point of all that is that the market hasnt been kind these past 1,000 days and so we have had to swim against the rip and still are.

I'm not happy about it but know that the only solution is to work through it to ensure the compnay is in good shape when the sentiment for small cap tech improves.

We had a plan when we listed to find a fit for our software and if successful, become a software company first and services company second. We've found the fit; software revenue increased from $0 to $6M in three years. Now we have to consolidate around our software and deliver recurring revenue growth.

I hope you do buy back in but hope its not at 1c.