Ann: Preliminary Final Report , page-5

Agree, it is tracking in the right direction, they will need much better growth figures though, surely you would have to agree with that. 2% FY09 following on from 4% in FY08.

You can only trim expenses so far, if the revenue does not rise then they will continue to book losses, pretty simple. They also have a considerable outstanding debt of $4.3M.

They are already running on a margin of pushing 60%, it can't get much better than that so revenue by increased customer base must increase in the current model.