Puzzle time...

This one's for those who are suffering Puzzle Hunt withdrawal symptoms. It's just a puzzle I came up with one day, I can't remember how - but give it a go. Please post answer guesses in comments if you feel like, or else email me (so others can have a go)! I'll put hints in the comments area - if it seems like nobody's really getting the answer in a few days' time.

Anyway, here's the puzzle! Good luck! (Oh, and Happy Easter too - thank God for the Cross of Christ, that we may live!)

Flicker of Hope

You wander around the deserted complex, looking for a way out. The maze seems like a hopeless quest - each time you peer around the corner, your eyes stare deeply into an even longer corridor with numerous branches each way, illuminated only faintly with the dim, flickering yellow of well-worn ceiling lights.

Hours later, still wandering and ever more dejected, it is your ears, not your eyes, that finally give you some semblance of hope! A ticking noise emanates from a nondescript room several doors down, and you pick up your step in anticipation. Entering the room, however, there is not a living soul in sight. Several monitors flicker, most of them blankly, in what appears to have once been a crowded control room of some sort. The ticking noise comes through a speaker in the corner - at first you think it might just be static, but the eerie regularity of some of the blurts and blips that break through the noise makes you think there's more to it than randomness.

Next to the speaker, there is a monitor, less blank than the rest of them. Strange fractions scan rapidly across the screen in a repeated fashion. What could it mean? You grab a piece of paper and pen from your bag and jot down the fractions:

2/4 7/8 4/16 0/4 2/16 0/2 0/16 1/4 4/8 0/4 2/4 7/8 2/8 10/16 0/16 1/4 2/4 10/16 0/2 1/2 7/8 0/8 0/4 2/4

0/4 3/8 2/4 0/8 1/2 0/16 0/2 5/8 0/4 2/4 6/8 0/8 1/2 3/8 0/4 2/4 4/16 0/2 0/8 0/8 1/2 3/8 0/4 2/4