TBE All I know is that Gray had a conference call through to ABN Amro about 2 weeks ago where various issues were discussed one being the foreign exchange loss which was due to Ian Dallas and I gather the ONLY reason he is still on board is due to his strong connection with Metronet.
I have been told from my broker who was involved in the conference call that Gray was asked when are we to expect some contracts and Gray answered saying he was hopeful of some meaningful contracts by the year(December)and by that I mean in excess of $1M.
He Gray also mentioned that they have taken measures to erase the cash burn which is good.
Gray also said he believed that Lippo would come to the party if more funds were needed down the track which I believe is encouraging.
All the best.
HTI Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
