TEO - Ready to go into Orbit!

TC1000 is expected to go into a significant portion of existing customers. - Revenue will be received, costs already spent.

TC2000 revenue is expected to be much more than the £900k minimum. - Revenue received and to grow, costs already spent.

Qstik is expected to become a significantly large business. TEO have fees, royalties and a 20% share. - Revenue could be very large eventually, costs low, development fees receivable.

Qstik have to use TEO technology and TEO will do the software development, not Qstik. - Obtained directly.

TEO seeking a sales-orientated executive does not mean things are not happening outside the C3 arena. - Obtained directly.

You all may not see it now, but TEO is very likely to achieve running rate profitability at some point in 2006. - Not disagreed with.

TIE, I have to disagree with you on one point, all this for just a £4m market cap is a ridiculously low risk/reward ratio, IMHO.

Results soon, but the historic losses to June 2005 are academic since revenue is post this period. The low cost base will show how revenue growth can quickly lead to profits and profit growth. Cash will be interesting though and higher than some worriers are thinking with recent fundraisings. What the company have to say about the revenue/potential from existing contracts is what is not in the SP at the moment.

Those lucky enough to be buying at these prices will, IMHO and DYOR, do very well indeed. Even my 3.5p average will turn out to have been very cheap.

Keep the faith.......

;-)