possible share offering or another investment?, page-3

Jawsy - that's exactly what I meant by my previous post. No facts or plan dates.

"Generating profit within 6 months of commencement" is a fine statement, but when is commencement?

"7 million net profit per year" is great, but how much in 2009?

I recognise a lot of this is just positioning, so that they can say APG never signed up to anything in 2009, should they somehow end up disappointing investors this year.

However, this is disappointing, given the good follow through on specific plans in 2008. I got used to that type of execution and communication - please don't let it slip now.

So, in summary...

Is it time to sell? No (imho). If 2008 was the year we proved the technology, 2009 is the year we prove we can make money from that technology. In my eyes, management have until the end of the year in my books to be turning a profit. If they can, I see significant upside from the current price. If not, it'll be time for me to write this investment off as a white elephant and I'll look for another place for my $.

Am I annoyed by this qtrly? Yes (in case you couldn't tell). I think Lekki had it right when posting that it seemed someone else had written this qtrly.

Cheers,
FG