Hi Guysi found this on a web site by Mark Leenards - July 16,...

Hi Guys

i found this on a web site by Mark Leenards - July 16,

Mark, the Chinese signed 5 year contract that truly honor and in the 5 years really some 175 million gas tanks equipped with ETC's security, then it will be pretty good with those profits. For everyone just wait, because ETC talks about 9 million profit in the 1st half (until 30-12-08) and says that she is for the whole year just 48 million Net Profit After Tax 'will make .... They even went so far as to June 15 just to let them know that now more than $ 10 million in cash to have:) If anyone was worried in Australia or that all really was true, the beautiful powerpoint presentations. Meanwhile sold various substantial 'shareholders over the past 4 months of very large parts of their share holding, such as Black Rock Group, Sovereign Key Enterprises, Quaestor Finanical Serv., Kinetec Investment Partners, Capital Manifesto Manifesto and Queensland Investment Corporation. - The last and only that something bought and sold yet again has been Orbis Investment Management, in May this year. Not a good sign so ...
The only way that this share could go up is that the Chinese are indeed continue to pay for 5 years up:) and if indeed 48 million profit (after tax) will be, it would be nice if they that (= 11 cents per share) one half as a dividend would pay. I see they still get 50 cents.
But today was a little down, but the last time that the down trend of the previous 5 weeks to appear broken. As with all these companies the tangible assets are almost not visible, about 2 ct per share, while a base including intangibles of approximately 20 ct
They have some 'legs' to stand, but their main business is Nexbis in August, decided at the AGM if they change the name to .... Nexbis.
Their "Sapio" press to print ptm with Nokia could become a winner, but still early days. Sapio is a fully owned subsidiary of ETC.
Good luck