writing on wall in, page-4

Molonski the reasons behind erg's failure to deliver on time and within are well documented.

However when you look at smart cards per se plus their deployment worldwide there are many similar stories. This industry is plagued with problems. The goal posts are always shifting. Yes erg has its faults. Winning Sydney now appears to be an absolute disaster. But back then it was seen as possibly the best contract to win.

Too early to write erg off yet. IF erg can withstand insolvency this may be the urning point.

For the record I do not own shares and cannot remember the last time I held them. But I know from past experience how quickly things an change.

cheers,
walt.