little resmed in the making, page-17

I'm a long term holder of KSX shares and although obviously frustrated at where the share price sits I have no intention of selling and look forward to seeing how this story unfolds over the next couple of years.

To be honest come the annual report this year I expected to see a few more names in the Top 20 Shareholders. I speak in broad terms here but of the 117,770,000 (approx) shares issued in the last capital raising I see only an increase of 37,555,074 shares for the Top 20 holders during the same period with no significant new entries. Almost from the day the capital raising shares where issued (17 Dec 09) I have watched the share price hammered down, down and even further down! This during a period of some terrific achievements.

Whether its me trying to explain away the current share price or something else to it - who knows?

Ultimately getting sales on board will get the stock moving in the desired direction and given the tone of recent announcements it seems that sales take up and acceptance are in line with company expectations. The next few quarterly reports should be interesting reading.

Good luck to all.