these concept plays are looking very weak, page-3

Boz

All good questions. My point is perhaps more fundatmental. I understand that sp and attractiveness of the business is linked to earnings and contracts. But, QHL is a technology play more than anything. Access to a new beaut technology that would give either Boeing, Eads or another Tier one supplier a significant cost advantage over its competitors has got to be worth a lot - certainly more than 71 million. So, the lack of any such move leads one to question whether the big boys are convinced the technology is really a viable alternative to existing autoclave or other out-of-autoclave options.

Now truth is that any offer would have to be at a premium and significant enough to convince the main shareholders to sell. And, perhaps the lack of a chance of succeeding with an offer at present sp is more of an obstacle to an offer than any view of the long term prospects of the technology. But 40 million shares will be released from voluntary escrow soon so perhaps we might find out.

But one thing is certain, the share price is now at a 12 month low and off more than 60% since its high. Volumes are increasing. Buy side is not looking good and sell side is getting stacked. This is probably a result of those that jumped into the capital raising having lost faith and jumping off.

The company isnt doing a good job keeping us informed and has a poor record of following up on previous positive announcements. This makes one question whether they are simply pump announcements.

1. Boats never got going despite their purchase being designed to deliver revenue in the start phase.

2. Whatever happened to Sprint? They were going certify the technology back in 2006? We hear nothing of them anymore?

3. How did we go with the Airbus Site interior prototypes?

To be fair, it is a crap market and the lack of fundamentals does not attract people to this sort of stock - there are plenty of others suffering as well (I know I hold them too). Oh well, let's hope it gets better soon.