Ann: Company Update, page-12

I agree with the general consensus that holding and hoping will pay off here. I despise the strategy for the most part, and use a lot of TA for my investments and trades, but on this occasion JCS deserves the benefit of the doubt.

Cash backed at 1c per share, albeit with some of this cash being based on subscription (i.e. future dated) revenue.

Market has really warmed to industry leaders lately with Oracle at all time highs and Xero trading very strongly over the past couple of months.

JCS directors have a lot of skin in the game.

Total sales on the rise, and most new sales going on to a subscription basis. I.e. a 'sticky' client base.

Its hard to fault the company. A little bit of growth on what is already a strong revenue base will see this turn a NPAT in no time.