Client Area

• Progress of the sales process of the technology has been slower than expected which has lead to one of the founders resigning and employing more sales focused experts who are only getting paid commission. Therefore for them to accept the role on this basis not only must they think the technology is good but more importantly they can sell it.
• The company is now making revenue and has a number of interesting opportunities on the go (refer to presentation) one of which is for the production of tickets for the World Cup Soccer.
• The company has raised further funds at $1.20 with the initial directors cancelling the equivalent amount of shares to ensure there is no dilution to existing shareholders. Only existing shareholders can subscribe for the capital raise. If interested please contact our office.
• Whilst the capital raise is not dilutionary the value of $1.20 a share is absurd as it values the whole company at approx $7.6million. This point was hotly argued at the AGM and a former adviser to and current shareholder of the company basically said that he could trade sale the company for $4 per share and the potential vendors would not even blink as the technology by itself is worth it.

IML Seminar 26 & 27 November 2008

IML Powerpoint Presentation
Centre Capital Notes

• We are looking to produce growing income streams over long periods of time.
• You can't get too defensive by holding too much cash for extended periods of time.
• Markets have factored in all anticipated bad news (and worse) in the share prices and they will start to rebound well before the actual economy does.
• Long term valuations look compelling with quality businesses and assets trading at prices not seen in 20 years….and maybe not for another 20 more.
• Opportunities overseas look incredibly attractive as we can purchase businesses that are as good or in a lot of case better than the Australian counterparts for about 20-30% cheaper in price.

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