capital raising, page-38

Hello Hank, I've found predicting earnings accurately to be very difficult (with any company) and even more difficult with these type of growth companies in their very early stages of development, so many things can happen. What I don't like re. stockbrokers doing this is that they try and often pass their guesses of as facts in order to justify their current job positions and perceived level of expertise.

Instead of just saying 'I don't know' they will feel compelled to give you earnings estimates not only for this year but for well into the future also and people will take this on face value.

I wrote, "I don't know what profits will be although I think around 11 million" and I probably shouldn't have said even that although I got 11 million on how I rate the company's performance to date from the revenue figures provided in the latest presentation and how I expect demand to continue for the rest of the year (and allowing for NPAT margins to be down slightly) although this is just a guess and no doubt I also will be off the mark.

Much better I believe to concern yourselves with the facts(quantitatives, qualitatives) and how you rate the company's ability to grow into the future based in part on how it has grown to date and not concern yourself too much with guessing what the end of year profit will be because it will only be that, a guess.

This really will be my last post for awhile. Thank you for all your contributions and good luck.