what a fantastic and exciting update, page-4

Ok, I have read it.

Here's a few quotes....
Smart&Secure RFID Tag Technology
----------------------------------
"Negotiations are underway..."
"pilot programs that are expected to commence in 2007. If all goes according to plan, global rollout is expected in 2008"
"we have strong reason to expect a positive outcome."
"currently in discussion regarding pilot programs"
"We are currently developing Smart&Secure seal design options for use in the pilotproject."
"We continue to lay the foundation"
"demonstration to potential customers."
"MIKOH is in discussion with a major aircraft manufacturer"
"submit combined project proposals"
"generated positive marketing results."
"actively seeking out RFID opportunities"
"Negotiations are continuing in Australia"
"Negotiations are underway in Australia"
"Discussions are underway in Korea"

SubScribe
----------
"two SubScribe laser markers have been retrieved
and recommissioned"
"An order for SubScribe seals was recently received from a prominent US government agency (see
MIKOH’s announcement on 21 April 2006)"
"Specific sales opportunities for SubScribe security seals are being developed"
"This partnership is expected to lead to a high-volume commitment annually"
"The e-Commerce site has taken longer than expected to build."

Digital Ink-Jet Printers
---------------------
"Sales for the printers have slipped into the fourth quarter while the sales pipeline continues to grow."
"MIKOH has been approached ...A decision on whether and how..."
"This is a significant long-term opportunity"
"Sales, OEM, Reseller and Service/Support discussions are continuing"

"As the above activity demonstrates, commercialisation is well underway and we look forward to delivering
on these opportunities."


Hmmm...burning $500k per quarter...$200K in the bank after $440k cap raising and gov. grant saved their ass...

Bugger all in there that indicates anything other than continued talk, continued burn and nothing coming in.

I smell a cap. raising again.

Shareholder meeting would be interesting, but I doubt I'll be a holder when it happens in June.

Good luck with this one mate.