rva partnership, page-14

Highlanda

I am more conservative and found it strange that they announced this. maybe because they are represented at this show they thought they had to.

It was a very similar announcement as before $4m over 5 years 800k per year.

The opportunity is great but I would be very surprised if we haven't landed other 800k per annum orders in 5 months.

The opportunity is a lot larger and if you do get say 120 thats 10 times this one so you than get $8m base income.

This wasn't what I had expected and without reading too much into it I am looking at it as a specific business sector and not a general contract update.

So I am still in fact looking for my update and as such think the sp is fairly matched at the moment - If you want more shareholder buying you will need to fill the gap in information over the past 5 months plus clarify the 2011 guidance.

I think it does warrant the current sp but we need more maybe a lot more understanding of where they are to drive it to where we believe it should be.

Maybe this is not what you want to hear but I had an investment decision today and when I saw there was an announcement out I was looking to invest more but when I read it and reflected upon it I placed the money elsewhere. Not that I dont think this will make money but with where is market is now can I have money tied up in this when its not going to work for me in the next 12 weeks. Especially with the 4c about to be delivered as well.