alliance with tac and singtel, page-5

I keep telling you, announcements don't carry any weight. They have made many announcements referring to government contracts. Surely sovereign nations have more credibility and clout than commercial entities, yet those contracts amounted to nothing but:

further capital raising,
seemingly recycled revenues,
writing off "assets",
related party transactions,
writing off previously booked revenues

....and you think an obscure article without any details abotu commercials is going to do something for the SP?

Cash in the bank over 12-18 months to backup revenues. Nothing less. Only then will I even consider this company as an serious investment proposition.

Can anyone tell me when was the last time this company and its previous incarnation as ETC booked a profit, backed up by cash in the back without writing it off in subsequent reporting periods?

Anyone?

Calling CFO Peter Dykes and his sidekicks.
This remains a SELL for mine.