Ann: Investor Update, page-21

Whilst I hold this stock, I am not getting carried away at present. According to the update, their own sales estimates were all wrong. If, as stated, their Australian market could reach 120K to 180K and revenues of 30/60 Million then all and well, but that equates to $250 per unit sales based on 120K and $30 million revenue.
With a population of say 24 million, their target equates to 1 in 200 p.h.o.p (per head of population) in Australia. I find that hard to swallow, given that there are many other similar items on the market at present.
Notwithstanding that this watch complies with Australian Standards.
This, of course, is my own personal opinion.
I'm happy to hold as I'm showing an 82% profit at present. I won't be buying any more until the half yearly results are in and/or a major comes on board.