Ann: Company Update, page-62

The market has devalued OOK a big time too, especially its investment in Brontech. Last weeks anns about PPL and Brontech is just one indicator that Brontech is progressing extremely well. But as it is not OOK it does not have to report anything. Hard to say what Brontech is worth now but definitely more than the 5m it had been valued at when OOK bought a nearly 20% stake 6 month ago.

At some stage we will see Brontech's efforts to be confirmed with contracts which will increase its value and automatically OOK's too. I expect Brontech to reach at least 100m, making OOK's stake worth about 18m, 3x the current value. To reach the 100m MC / valuation mark BT needs to make about 7m profits pa at a PE of 15, easy to achieve if they become a leader in the Blockchain space.

But I still expect a merger involving BT, OOK and Faldi's other companies to offer a complete service to clients / customers under one roof.

Time will tell, but at 2c sp one can hardly go wrong here in the LT.

GLTA