In reply to: SCD on Sunday 31/07/05 11:05am IMO, the detailed...

In reply to: SCD on Sunday 31/07/05 11:05am



IMO, the detailed analysis of the Quarterly Cashflow Report reads positively.

THe explanations of the one-off costs confirms that they are non-recurring and are geared to removing cost or increasing efficincies in the business.

It is good to see that Mr Weisman and Mr Schratwieser have resigned and that the directors who remain have agreed not to receive payment in cash until the business business turn cashflow positive.

The big question, which will underwrite the survival of the business, is...can they secure a cornstone investor or a corporate transaction (merger with larger company in North America or takeover bid from a larger player in the market)?

It was certainly a confidence booster to read that of the two parties who are expected to visit Australia...one of the parties arrived in Australia on Friday 29 July 2005. Hopefully, we will receive an update on this parties interest in the company within the next couple of weeks.