Ann: March Quarter Update, page-11

I received similar feedback regarding the perception of management with the insurance industry. There appears to be a lot of toxic history fresh in the minds of decision makers within major insurers. Again this is feedback received from a trusted contacts high up within the industry. I am very sceptical on the 38-39 clients they claim to have. In fact I would go as far as saying it is blatantly misleading as Cerno went bust and their staff lost their jobs. I would be asking management for the list of clients if I was looking to invest. As I understand it, they only have 1 & a bit clients in Aus, with the only exclusive one being RACQ which is QLD only. DYOR