new year, new push, page-7

As a top 20 shareholder I have been in this stock for 2 - 3 years. I have seen the share price go from my initial purchase price of 22c to 1c. What has motivated me to acquire more stock and hold on for the long term is the product. We all know that the management has been slow in changing this company. The only thing I can say about the old management is at least they were aware of their capabilities and had the foresight to look for people that have the contacts and skills. Based on what I have seen the new board and Paul E have these skills.

We as shareholders have to be patient to allow the new board to implement the new strategies. My view is that I make money in the long term with this stock not the short term. This means the stock has to get to at least 30c before I believe I should start exiting. However this may take time.

If a takeover happens before this point I will be disappointed. The value to me is this company becoming a Resmed it the next 3 - 5 years.

Only time will tell me if my view about the product being so good and the market so large that this product has to sell and we as shareholders will reap the rewards.