up 100% in last few months, page-2

As previously posted, this company seems to be finally getting it's act together.

The reason for it's past period of shareprice stagnation was it's relatively poor balance sheet, flat revenues, and poor earnings (partially due to increased R&D investment).

Now it is portraying a somewhat different story. An improving balance sheet, increased revenues (if forward orders are any indication), which should lead to increased earnings.

A year or so ago the shareprice was 1.7c-2.1c (from memory).

As you suggest, heavy recent buying by Directors and Melbourne St Investments may provide an interesting development in the future ownership structure.

Of interest also is the AGM resolution to force the sale of 'unmarketable parcels' of shares. This could be related to the potential future ownership issue or could just be a cost control measure. By the way AGM is on Friday - should be interesting. If anyone is going please post on the meeting.

Anyway, pleasing to see shareprice moving, but let's hope the company can produce results that make todays shareprice look ridiculously cheap.

Regards
BH