Ann: Trading Halt, page-8

Surely the existing shareholders out there aren't stupid enough to fall for this again - groundhog day or what?!!  Diminishing revenue streams, announcements that disappear into a black hole, hollow promises - and more pain to shareholders.  This latest placement will use more long suffering shareholder funds to do nothing more than top up the trough for the snouts of the mob running this dog.  And, let's not miss the fact that the Board have also approved the release of another 2.5 million ordinary shares to the Chairman - must be because of great leadership and perfomance!

Consider just a few points.  This latest placement will leave the Company with over 700 million shares in the market on revenues of around $7 million, which has had no material change for 4 years.  On those numbers alone, when do you reckon there'll be any return for shareholders?  On my reckoning, they've spent nearly $60 million of revenue and shareholder funds in the past 6 years - for what benefit or return?  The corporate overview reads the same every year; they just dust off the cobwebs, change the dates and send the same crap out to the market.   

My research tells me the announcement on Con Eddison, one of the largest power utilities in the US, is nothing more than a trial of 5 cans of spray.  Hardly a company saver or a direction to back growth and promised future profit on.  The Cop Dots programme has all but ceased to exist; rumours have it that Lowes will not be ordering again and they are sending back over 50% of their stock of pens because they are faulty. US Police are disillusioned with that whole scene. The business in China is delusional at best, DataDog has massive competition from YPB, which is a listed company and killing DataDog in China.  They have little foothold in China, despite all the announcements.

Remember that the Executive Chairman came on board for 6 months to run the place; now nearly 2 years later, he is still there along with the other failed management, and all still collecting director's fees and salaries courtesy of the shareholder's generosity.  They have no CEO, no marketing management and no sales management - so how on this earth are they going to improve revenues and return to proft again?

What is this?  The 4th or 5th time they have gone back to the market to raise more to spend more. No new technology, no new customers just more of the same for the long suffering shareholders. Heavy shareholder dilution and zero return.

It is about time the directors were held accountable for this perrenial loss making dog. It is about time the large investors asked the serious questions and called for the resignation of all directors and senior management; although sadly I'm not sure there's a wide enough broom to clean this mob out properly.  The BS has gone on for far too long.

DYOR, but seriously ...??!!!!