Michael Smedley Fiber Optics Systems FOX-X HOLD Nov 27, 2007

(Market Call Minute.) Interestingly and intriguingly they have changed their top man and he sounds good.

Michael Smedley

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DON'T BUY

Not part of his database. Make fibre optics systems for water/metal pipes. Working on far east contracts. Interesting technology, but no significant contracts. Highly speculatiove.

HOLD

Has a very interesting deep gas project in Romania. Have been drilling and the market is waiting for numbers. High risk.

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Michael Smedley Fiber Optics Systems FOX-X HOLD Nov 27, 2007

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