questions to geoff, page-2

Para,

How long have you got? Very briefly:

My negativity arises primarily from the fact that the company I invested in (at a high buy-in price compared to today's share price, but nowhere near as bad as some) was striving to be a leading edge technology development company. An extremely risky long shot, but with a chance of being one of the "next big things".

Where are we now? We might have an SMA based lock that has some technical advantages over solenoids & motor/gearbox mechanisms. But IMO the advantages of the technology when applied to mailbox applications aren't that great - certainly, as the plethora of products already commercialised and in use would suggest, not a "necessary enabler".

That said, success with the current products would provide at least some compensation - better than nothing. But I've yet to see any believable, quantifiable analysis that early investors will ever get their money back, based on the current approach. The potential for levering up the EBIT is just not high enough for a commoditized product supplier.

We are seeing directors and executives reaping benefits from shareholders' funds now, whilst the investors are still waiting on a promise of better things to come.

The spin from the company is not that much different than it used to be under Sigalla - trials, licencing deals, new product concepts yada yada yada.

Time will tell. Let's see some major profitable CONSUMATED supply deals and positive cash flow reports.