Ann: Preliminary Final Report, page-7

Hiya Brettt, I agree with everything you stated, revenue growth of 14% for smaller figures are not really great. However in saying that they are a safe play considering as you mentioned growing profits and no debt. I have a small position, and currently at monitor phase. 58M marketcap does seem low when you compare it to say MSL Solutions who got bought out for 120M with NPAT of like 1-2M, same as Paygroup which I held a top 20 position, they were just at breakeven and got bought out for around 120M too. In saying that as long as fundementals are good boring or not, up or down, if you believe in the company then all good. If Etherstack do achieve 60-70%+ of revenue this FY I will def go for top 20!