Just back from an informal meeting with Dave Sammut and Brian Banister from Intec and 6 shareholders who took the time to catch.
Like most I am underwater and keen to learn if the tide is coming back in soon.
Key impressions 1. Australia is a testing ground for innovation but not the promised land 2. China is quite exciting , particuarly the recent announcements. Interesting to see if they subscribe for the $750k of shares available to them. 3 Clear view that Burney is proven at scale. 4. Impressed at the committment, both through shares and enthusiasm of both Dave and Brian. 5.As always recent deals reflect the ( necessary ) flexibility Intec shows to move forward. Recognition the pot is empty re further share issues to raise capital from existing shareholders. 6. Could see a sustainable cash flow emerge in 2010/2011.
As one of the long suffering I remain ever hopeful but don't expect a miracle next week.CHINA could be BIG
SDV Price at posting:
15.0¢ Sentiment: None Disclosure: Held
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