Dear Scary,

We both agree then that this is a risky investment and the imagined results are not a foregone conlusion. I also agree with you that people, me amoungst them, make enthusiastic statements based on nothing more than our dreams at times. I personally enjoy the dreaming most inventions started as rough ideas, dreams or imagination

My main point to you and smoothsailing is why do you think that you have to be the anti enthusiasm taliban for this board, you've made a good point yes, but your constant mantra is just getting too heavy. Please lighten up let people have a different opinion, belief, enthisasms and dreams. People investing in a Venture Capital share and cetainly anyone who reads this board simply do not need a lecture from you or anyone else on risk.

Now lets consider the symantics of the phrase 'being derisked' it certainly does not mean risks free it means the balance of probability is inclined towards achievable rather than unachievable.

Now consider the derisked camp's evidence. We have 10 device TDK have been issued, the probability of PDA existing, the postive statements of PC and perhaps more importantly GT going public on his inventions, the achivements of all MS not dependant on PDA, that is given MS 8 is in the bag, the BAE IR device approval, the statements on speed, economy, reilience, lower constructions costs, would you not consider that there is at least some established criteria that on the balance of probability the balance may lie more in favour of achiveable rather than unachievaable.

I leave it to you to compile the list of DD supporting balance is unachievable as I cannot think of any.

with regards,

the other SS