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mike306oh

04/04/05 10:41 AM

#451 RE: speedracer #450

This Company will do well if and when:

1. They get rid of Cornell. Hope the recent $2.5 MM financing will help them do just that. And also I hope those shares won't be converted @0.04, but somehow the money will be paid back.

2. The Mgmt. stops selling so many shares. I understand they pay their salaries this way. But, when you build a Company you restrict your intake to a minimum. This was not the case thus far with CIRT Mgmt. See the shares they sold only this year:

http://finance.yahoo.com/q/it?s=CIRT.OB

3. They have to finally learn to fill the Q and K SEC forms in time. I don't find any excuse for the last K not being filled in time. They knew in early January (and gave us the figures at that time) what the 04 revenue was. Why didn't they take care of the K since then, it's beyond me.

4. Control dilution.

5. The Mgmt. has to be more responsive to shareholders concerns. I wrote to Trevor twice recently, and got no answer. The others don't even have a mail address available. I would like to see the CEO's mail posted, and see him answer pertinent questions.

The potential is there, but the Mgmt. has to do more in the public relations area.

Mike