Actually quite a good company update. Probably the best I've...

Actually quite a good company update. Probably the best I've read in the long history of this ugly company.

Obviously its all words until revenue is proven. At least it looks as though they're positioning it for some serious income growth. Perhaps they can utilise those tax losses in the annual report.

Also the appointment of NWR Communications is fantastic. They were involved with 1PG (now $112m mkt cap) and ICQ (now $235m mkt cap)

MOT currently a $6m mkt cap.

I believe Adrian Floate and his team built the Capricorn platform which has a membership base of 16,000 so good to know their platforms can handle significant scalability.

This should bode well for the further IT related acquisitions mentioned in the update. Proposed company name change also a v. good move.