what just happened, page-26

Hi blokes, dont get too exuberant yet...
To raise cash is going to cost holders a bundle imho..

Double digits for a company with $450k cash, +200m shares on issue (and lots more to come), no real history of making a $ is going to take some doing (it really requires consistent earnings and profits).

I cant find any presentations which show a real direction for the business, the Directors appear to be potentially about to change horse and sooner or later some holders are going to tire of watching their investmant deteriorate and be happy to get what they can.

Communication to the market is kept at a bare minimum and the market is the only one who can get it moving in a sustainable manner.. it may go up and down, but history shows it keeps going down.. that is beyond argument imho.

All of this needs to be overcome to get there.. I appreciate that this may be seen as being negative posting, however as a holder I am happy to hear someone tell me how it can be done..

Out of curiosity I note that there are some interesting links between company people (I am not assuming or infering it means anything) and also Jitto's bio states that he was hired to assist in succesful restructure of Newsnet and to position it for IPO... (this is published all over the place) but I cant see where it went to IPO.. does anyone know?