Expectations, page-14

The other expense which is sometimes forgotten at this early stage is thier COGS.

It's hard to know where it's reflected sometimes in quarterlies, remember though that the annual report shows no margin on the revenue booked. Assuming that situation remains, they could post $1m in revenue, but will then also have a corresponding $1m expense. Number rentals, transit and pstn termination don't come free.

The questions which will impact the 4c financials are, how much has been spent developing new products for the NOR suite and how much have they been paying recently to spruik them.