poltech's steamy friday night adventure

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    The people at Poltech are justly renowned for their sense of PR, and quite unaccustomed to hiding their light under a bushel. So what do we make of a half-yearly report released at 7:30 on a Friday night? Did they really think that nobody would notice?

    Only a cynic would suggest that it might not be unrelated to the fact that the report shows a loss of $5.2m on revenue of only $800 thousand, and that the only remaining tangible asset of any consequence is the money they are still trying to claim from the Hawaiian government. This was taken in full as revenue in the previous financial year, but it seems that nothing has yet been forthcoming, and that a large chunk of the "debt" is being challenged.

    It will be interesting to see how they are going to fund any new contracts which come their way, especially if there are support requirements attached to the deals. Who will be left holding the baby? (or red light camera)

    Prime1
 
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