Ann: Quarterly Activities & Cash Flow Report - Appendix 4C, page-29

Patience all you little grasshoppers............

The CEO is not a bad guy buy being from a much larger company has not necessarily got a small company mentality just yet.

The Germans have not partnered them because they think that the device is bad - rather the opposite.

The Germans are smart and successful - and a private company that can't just fleece their shareholders with dilutive issues every time the cash runs low.

They are not in this for the laughs - but they may try and steal the tech or the company.

Having said that, the deal that LBT has seems pretty clever insofar as it protects shareholders reasonably well if memory serves me correctly.

Having said all of that our market is prone to putting rich valuations on "device" stocks in our sector - often way ahead of actual revenue, cashflow and profits.

There is a real demand for better systems and for automation in path labs but designing and building a new machine is no easy get rich quick scheme.

Hard work, good tech, patience, perseverence and luck are all needed for success.

Does LBT have what it takes?

In time we will find out..........

GLTA