Ann: March Quarterly Report & Appendix 4C-DUB.AX, page-45

I guess we will see in the next 3 months, I probably trust them just about as much as you. Everything going to plan so far - they havent signed a major telco (yet) however the Voice Factory numbers are encouraging.
They havent overestimated anything - Steve said they should be at breakeven by next March and I believe they well could do it with Macquarie Telecom & the Singapore Telco. They seem very confident in delivering 20 Telco singings by December, so it's premature for you state their track record of overestimating. The proof will be in December!