invest in stem cell, page-15

re: invest in stem cell> up 19% today>>& Wow,
On 30 July 2003, the company said that it will make $1.92 million profit. The good news continued on throughout the period of defending the take-over offer. When the directors recommended shareholders reject the take-over, they told shareholders that the company was going to revolutionise the pipeline industry and they have successfully won a Ukraine project with potential follow-up worth many millions of dollars!!

After the take-over offer closed, on 6/11/2003 the project profit diminished to $0.5 million and a month later share options scheme 3 was rewarded to executives.
The targeted profit evaporated to a project $0.5 million loss in February 2004.

A month later, the project loss has increased by 300% to $1.5 million.

How much faith should shareholders believe in the projected profit of $1.0 million for the next financial year when the executives can change the projected figure by 300% between 11/02/2004 to 29/3/2004.

Wonder when executive share options 4 will be rewarded!

Looks like the current take-over offer is a 'get-out-of-jail' card for disgrunted shareholders!!