Looking past all the red ink and highlights, one useful...

Looking past all the red ink and highlights, one useful observation is to look at the two half year splits. 1H07 produced core EBITDA (I like profits better but still too many one-offs for meaningful comparisons) of ~$1.3m (gross margin 31.4%) and 2H07 produced EBITDA of ~$2.1m (gross margin 33.5%). The previous year's EBITDA was about equal for both halves. If this improvement is genuine, FY0708 should see a substantial increase. If the quoted number of $1.5m for three months is EBITDA, profitability not profit(?), then EBITDA for the year could be as high as $6m. The companies stated target for gross margin is >40%. Doesn't take research either to realise there are going to be legal fees in FY0708 (at least $1m). It's the extent to which these are recovered that matters. Sorry to babble on.