Gamestop Connection to CLT, page-41

ColdPlayer Asx and all,

Just to clarify

I brought GME into the discussion for 2 reasons:

1. It owns EB Games which is one of Cellnet's many customers. ( and may/or may not be particularly material to to CLT's total revenue)
2. For general market interest in a classic short squeeze.

I am not trying to suggest that CLT should benefit from GME's short squeeze.
As I did post previously I don't believe there is any material short in CLT anyway.

Regarding a dividend:I actually think it is quite likely given that if the controlling shareholder (Wentronic) wants cash, it is probably the best way to get it to them. I suppose the could do an on market buy back or acquisition or they could hang on to it for June year end to as a safety valve.

That said, dividend has little impact on my valuation which is really a function of expected discounted cash flows, and at this stage we are all still trying to come to grip with what those cash flows are likely to be.