Ann: Quarterly Activities Report and Appendix 4C - quarterly, page-22

Do you say that about every small cap that is trying to break through? Not sure how you can say they don't convert much. It's an 11c company that makes money and has demonstrated ability to sign (paying) contracts with big organisations. Not many of them around. Yes we all want to see profit margins rise. But this is a growing sector. It doesn't happen overnight. SP is currently reflective of tough market conditions. They haven't kept going back to market requesting more money. I'd say these guys show an exciting pipeline based on contracts renewed and POC conversion.