That is very true margins are thin if not non existent but have...

That is very true margins are thin if not non existent but have you determined the most likely outcome when all projects are completed?
Smart cards are not hype but will very soon become a standard method to transfer funds for products and services.
It may appear to be hype in many peoples eyes now but when erg reconciles currently 20 million plus smart cards with applications outside of transit the revenues will grow exponentially.
Developing the latter can only occur after the foundations are laid. The process is arduous and is not perculiar to erg-it is a global reality to all smart card vendors.

cheers,
walt.