scrooge CEO and board, page-16

hi Stewart. your comments about a possible acquisition for Senetas is laughable. There is no company in Australia that senetas needs and in case you haven't heard they are the worldwide leader in layer 2 encryption in the world. The market in Australia for its products is nearly nil as the government has spent nothing on encrypting their computer systems so far. What this company has achieved in just over 2 years is remark able as they were broke and in debt. They have developed the only layer2 100gb encryptor that Gemalto have asked for and which shortly will receive US government certification which will allow sales into government agencies through SAFENET ASSURED TECHOLOGIES ( Gemalto). The big picture is not spending their cash in useless acquistuions in Australia but in developing a technology that the big players in the world of cyber- security need and Want. It has taken Senetas over 2 years and nearly $2 m in r&d to get to this point . Once their 100gb box receives accreditation in US then the company will be worth really big money, not the silly sp of 13c that we are seeing today. Thus opportunity wont come up again for a long time and the people in the know ( 90-100m shares bought in 3-4 days a few weeks ago) will have made a killing.