financial forecast

These guys cannot get their act together wrt forecasts. Time and time again they have missed major milestones for eg.

"As a result of the foregoing events and market developments, the Company has reviewed targets for the Devices Division. The current expectation is that estimated sales previously advised for financial year 2005 are likely to be achieved for calendar year 2005. The Company maintains its advice that it expects the Devices Division to be cash flow positive and profitable on a month-by-month basis by the end of calendar year 2005."

This would suggest to me that they will NOT hit their forecasted $14 MILL target by 31 Jun 2005 but now (surprise....surprise) have altered their forecast to Dec 2005. Yeah, I believe you NAL, sure you'll be cash flow +ve (wink)

Yet another milestone/forecast missed...but surprising their salaries keep increasing...wish my salary increase was linked to missing objectives...maybe NAL should pay another "independent researcher" to write another positive spin?

fed up shareholder