quarterly report, page-3

Commentary from management would be beneficial.

If I take their announcement from 23/11/2010 at face value October 2010 had revenue of AUD674k. Triple this get over $2.1M. They achieved $1.68M. This is well below what I was expecting.

Noted exchange rates move, but nothing like this amount. This could explain the weakness over the past few days. Will be interesting to see market reaction tomorrow.

Positive that the Indian entity is cash flow positive. The "head office" is what pulled to negative, however the Australian expenses have no real reason to rise much.

MJS