newlum, page-5

wally is too professional to even hint as to whether a contract may be close, he is as clean as they get at this end of the market, i wouldnt ask nor would he offer that kind of info. from my experience if a company representative is eager to offer that kind of information it is a worry in itself and you should probably run in the opposite direction at 100 miles an hour.

rather, i sought clarification on the vertigo performance shares, john dollisons background with media partners international (which incidentally ended up being taken over by jc decoux for around $110 AUD million), wally's views on why lumapanel had not cracked it into the outdoor market and confirmation that vertigo could deliver on a sizeable contract given lums limited cash position right now.

it is no secret that lum/vertigo are tendering for a lot of contracts (has been announced in official asx releases) but thus far havent had much success. that could change at any time. i still prefer the fpo's that the options, for the options to have any real value the fpos need to get past 7c which while possible is a tall order. plenty of leverage in the fpos for me.