Chairman Victor Steel says he was 'quietly confident' deals would flow once the market realised the progress Forbidden had made with its compression technology. In a series of presentations this week, the group 'proved' it had developed the technology to transmit recorded videos onto such devices as personal digital assistants. It also established its ability to deliver video over normal connections to websites without the need for bothersome 'plug-in' software. Likewise, Forbidden suggests its 'new Java mobile phone codec' could deliver high-quality photos, images and videos to the next generation of 2.5G mobile phones. With 2.5G now gaining a foothold, the market for this technology could be huge. As yet though actual deals that would lead to significant revenue flowing into the company have proved elusive. At the interim stage, sales were negligible (£5,000), although the pre-tax loss was surprisingly low, at £147,906. Forbidden has around £2.95m in cash - enough to see it good for a number of years if sales do not materialise in the short term. Hold.