response from dave sammut, page-10

Hi tweaty,
I "took a punt" on Intec because it is a "different" company with good technology that is commercially viable.
It is in a sound financial position after the Nippon deal & getting rid of LJC.
There were some technical signals in addition to te fact that P. Wood was buing at 4c & the ease of raising capital at 3c.
The achellis heel is the management.
If they keep on their merry ways,spend & take multiple salariey for too many duplicate roles that should be rationalized to fit Intec's sise & function,we will end up broke before we reach the commercial stage.
If you notice, I never realy downramped the Intec method( I am still very keen on it)
All my posts have been reasonable & objective( mainly giving hints to the board to get their act together)
So far I am down about 25% on my "investment".I can afford to lose the whole lot which is not going to break me.
To exit a large position in the current market is not feasible ( I am snookered )
I am now trying to maximise my position by offering suggestions to the board,which I think are being read with some interest ( I am not doing this behind closed doors )
Regards.