is this the most overpriced stock on the asx, page-23

Just noticed Struggler posting on another technology stock so I thought I had better correct his incorrect claims (again):

"In real terms BQTs results were BETTER then last years.

sorry PP.....you will need to do better then that."

Forget about all of the distortions caused by abnormals etc, just look at the simple facts:

2005/2006 Cashflow at the operation level loss $5.000
2006/2007 Cashflow at the operation level loss $6.110

Net Cash at the end of 2006 $480,000
Net proceeds from new issues $11.000.000
Cash at the end of 2007 $5.140.000

Now you don't need to be a rocket scientist to:
(a) recognise that the 2006/2007 were WORSE than the previous year
(b) accept that unless they have a major change in fortunes with their cashflow, then sometime within the next 12 months another new issue will be required.