working capital and business development, page-2

You make a good point Myzapherinw about the staff costs, but we all understand that start up costs have been the largest cost driver to date, particularly getting the distribution agreements in place in the North America, Europe and Asia. In fact when you look at the March 08 quarterly results they note that “…most of that relates to start up costs in Europe and Asia” and this is while they note that revenues are 80% higher than the previous year’s quarter.

The June quarter really showed the sales growth kicking in with Nth America 140%, Australia Pacific region 36% and Europe 8% year on year.

Plenty of flying and negotiations over these quarters to lock these agreements in, plus the training costs for each of the Dentists as part of the deals to get them on board with the product.

Good luck, those of us that have stock still believe…