Yes, Sniffer, revenue growth to $300,000 per month is most...

Yes, Sniffer, revenue growth to $300,000 per month is most positive, particularly because ETSdirect and Approach are in a sense ancillary to what is perceived as the Company's main asset - the Iridium satellite network.

In this connection, it's interesting to see that the Company is planning to provide shareholders with a more detailed update on Iridium's business activities and performance in the new financial year - though the point is already made here that "its investment in Iridium Holdings LLC continues to grow both government and commercial customers and trade cash positively".

The sort of 'disconnect' that is happening with QAD at the moment where, on the one hand, the value of the company's assets is growing, while on the other, the share price continuously disappoints, frequently happens on the stockmarket - often because the market is imperfectly informed. Eventually, however, the price will snap back up to a level that more properly reflects the value of the underlying assets.