new lows on the way, page-8

all these things are short term bumps. the reality is this thing now has a market cap of $20m. with revenues of $200m, there must be significant potential...

this implies, as i have said in an earlier post that Investec Private equity have an investment worth approx $3m-$4. they were buying stock in aug last year, 6% for $9.4 m...

any wonder the ceo went. the only surprise is that he didn't go earlier. he presided over a s/p collapse from $1.5 in Dec to 15c in may. i am guessing he won't be the only one shown the door.
the major s/h is probably $40m underwater. i for one, am hanging in there to see how they rescue themselves. they have aleady indicated potential deals on the table at 'appreciably higher values'

roll on friday