Agree, it is tracking in the right direction, they will need...

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.