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Paul With regard to Proactis: PHD I am particularly fascinated with the idea that they have the theoretical ability to earn fees from allowing their software into a Customer's supplier base (with the Customer's permission) producing savings to the Customer, and to the Customer's supplier. However, this strategy which is always hinted at, and which could theoretically generate significant revenues to PHD never had any…

Hi Paul Great to see you have booked an interview with CEO of Tracsis. Also, some comfort that he is willing to talk, I guess. Thanks for your efforts on this. Much appreciated!

ACounsell Very difficult in such an illiquid share as Tracsis to sell shares and not absolutely clatter the price. It seems to be plunging towards a more average market multiple form the high it had. There hasn't actually been a profit warning but the market has treated it as if it has. As Graham indicated, it has used slightly more tentative language about sales in…

Hi Paul Would you have any plans to interview the CEO of Tracisis, as you have done in the past. Although they didn't report a profit warning, it did signal some delays in order taking, and gross margin pressures in some divisions, but said it was expecting a much stronger second half. The price has plunged 13% since.

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