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Michael SmedleyFiber Optics SystemsFOX.VHOLDNov 27, 2007

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

Michael Smedley

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HOLD

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

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.

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Michael SmedleyFiber Optics SystemsFOX.VHOLDNov 27, 2007

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Fiber Optics Systems(FOX.V)

Fiber Optics Systems(FOX.V)

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