RE: listen to conference call (translation)I do not believe any more in the promises of Mr. Pancholy. You should do as much of it. The board of directors would owe the congédier on the fields and to replace it by a credible person who would lay down realistic objectives and which would reach them. Mr. Rajiv Pancholy is not any more the right man for the job: - it is an illusion monger who never reaches the target; - it is a fine talker which has always nonrecurring expenditure to explain the vexations of the company; the expression "expenditure nonrecurring" wants to say exceptional expenditure which will not be répèteront. In the case of Mr. Pancholy, the nonrecurring expenditure changes name at each year and is in growth. It should understand that they are the sales and the profits which must be in growth and not the nonrecurring expenditure. It takes the shareholders for bags ready to be filled of any rubbish. - it is a man without vision which spent of the significant sums for technologies (CDMA, GSM/UMTS) which seem to be exceeded, technologies that Mitec seems to forsake and who are forsaken by significant players like Ericsson. If the past is guaranteeing future what proves to the shareholders that the products derived from research and development in hand will not be already exceeded when they reach the stage of sale? - I classify the CEO Mr. Pancholy in the class of Mr. Arindra Singh, the CEO of "Hip Interactive" which has been just put in faillitte: fair promisess and beautiful hopes without any creation of richness for the shareholders. In my opinion, the only difference between these two men is a question of time, Mr. faster and effective Singh being in the destruction of a company: Mr. Singh brought Hip to the faillitte in record time (less than one year) without the shareholders being able to suspect the fir tree which they were made pass; Mr. Pancholy brings Mitec to the faillitte with small step, producing losses after losses. It will arrive a time when Mitec will not have any more credits to liquidate to reduce its debts, a time when it will be impossible to raise a sale of actions (with dilution for the current shareholders) to remake liquidities with Mitec, a time when the banks will not want to lend any more to Mitec but will want rather to recover their loans bus become insensitive with the fair promisess, and this time approaches with great step. The creditors are increasingly nervous, it is enough to take "Hip Interactive" like example to realize it. - why to have launched in March a news concerning a letter of intent for a contract of 50$M so nearly four months later Mr. Pancholy cannot bring something of concrete in connection with this letter. Which are people who could benefitted from the sudden rise from 0,80$ to 1,20$ to fall down also quickly in the days following the advertisement? - which control Mr. Pancholy does it still have on the board of directors to be in place? My confidence in Mitec will be able to return only with the arrival of a new credible CEO by hoping that it is not too late. SEND The FOLLOWING MESSAGE To the BOARD OF DIRECTORS OF MITEC: "YOU AWAKE BANDAGES DEADENED SLUGS. CONGÉDIEZ Mr. PANCHOLY AT ONCE AND TO REPLACE It BY SOMEBODY OF CREDIBLE, in fact somebody which will be able to lay down realizable objectives at short and medium term and which will reach them, always in a preoccupation with a richness initially for the shareholders. You do not worry if the shareholders increase their richness, the direction and the board of directors will find their account there ". The TIME OF The IMPUNITY OF The ADMINISTRATORS TOUCHES With FINE SA IN A TIME NOT SO REMOTE I HOPE FOR It, The ADMINISTRATORS AND The DIRECTORS OF COMPANY COULD BE CONTINUED WITHOUT IT BEING NECESSARY FOR SMALL SHAREHOLDER SE TO RUIN WHILE GOING IN COURT. Indeed, MORE THERE WILL BE VIGILANT PEOPLE SHOUTING HIGH AND STRONG, OF PEOPLE CLAIMING JUSTICE NEAR The GOVERNMENT N the other hand DEARLY PAID TAXES, MORE The AUTHORITIES WILL SET UP ORGANIZATIONS DEDICATED TO The Wellbeing OF The SHAREHOLDERS WHILE INQUIRING INTO ANY SUSPECT EVENT (E.G. FAILLITTE) EC WILL BE The BEGINNING OF The END FOR The DIRECTIONS FOUND INEFFICIENT AND/OR CULPRITS OF FRAUDS.