TEO - Ready to go into Orbit!

Tradx666,

I agree with you that the accounts have no surprises, positive or negative, except confirmation that cash available now would be the £100k shown by these accounts plus the £900k raised post y/e plus the £300k initial income from C3, which gives plenty of cash left after expenses since June 2005. With revenue increasing and a lot of it guaranteed, it takes a big risk perception away from the risk/reward profile, IMHO.

Massoud Ahmadi and the PR chap, Michael Padley do not share your concerns over the trading relationship between TEO and Qstik, with the phrase 'Qstik is just as, if not more, dependent on TEO than vice versa' being used. They said everyone was aware of the need to avoid conflicts of interest, but that it was in the nature of a joint venture of significant benefit to both parties.

;-)