Ann: Half Yearly Report and Accounts, page-25

I know you are just trying to "balance the books" but some criticism of EVS is warranted.

I have held for a couple of years and Tricky was around when I first purchased but with the benefit of hindsight and the distant memory of 100% profit at about 0.17c (which I foolishly didn't realise) I'd say you are being kind and optimistic.

In the time I have held there have been 2 maybe even 3 CRs at 9c. I have not participated in any of these. I get the sense management believe they have a printing press for cash.

We all recognise the potential but it's a fair question whether the current management really have the nouse. They have had quite a bit of time to actually achieve a result. I am not talking changing sentiment in a day. This is not a recent float.

The sp is now well under previous support at 6c. In the voting machine of the market, this is new and dangerous territory. You can't ignore a 20% drop even on tiny volume.

Your quote above has been my thesis for 2 years. I was wrong. Hope you are not.