That is not true the business itself is Cash Flow positive - Ring Amanda on Monday and ask her yourself !
The Bank debt is actually also falling given the business now runs a tighter ship (ie debtors terms), they are buying less hardware and also asset sales are bringing in some cash. Plus the 600 jobs that were cut saves a packet each month !
Do the homework and you will agree a market cap of 35mil is not justified given the brand and the ability of the core business to generate decent amounts of cash.
from cnn website, page-21
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Last
1.8¢ |
Change
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Mkt cap ! $2.976M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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