hi morley,from what i have heard (i havent investigated myself...

hi morley,

from what i have heard (i havent investigated myself admittedly) asx have greatly tightened up listing requirements for new IPO's of public company's. i think turnover has to be at least $10 million a year now?????

therefore the benefit of a shell could be considerable??

agree, zyl ip could be worth very little, everyone knows they have never managed to deliver $1 of profit despite god knows how many contract wins, qantas terminals, telstra stadium, national art galleries etc..

what i do know is that there is a huge market for ip surveillance. there should be profits to be made in this sector for a properly run public company with good quality products.

what i also know now is that there are competitors out there with the capacity to spend millions on r&d, locally even HIL has got its nose in this sector. run on a shoestring i dont think zyl ever had a chance....

i dont know if mal could do better with the ip as an add on to his private company - mvss. who knows?? we can only speculate...

as for mal, i truely like the guy. as i have said before, it is possible that his own team that he voiced so much confidence in have realised that zyl represented mission impossible.....

clearly it needed a lot more than the $500k loan. but given the 10+ years that it has been a public company it is disgraceful that the likes of BM and NS couldnt make a go of it before it ever got to this stage. i distinctly remember NS telling me in March 2007 that zyl was on the verge of profitability then. 2.5 years later it is dead and buried.