disaster, page-4

ANZ Nominees held nearly 6.7m shares in REO as of the last annual report.

This equates to 2.96% of the company.

I would not be surprised if most of them were dumped yesterday.

Market cap at 0.008c is $1.8m.

The company had nearly $1.6m cash at the last quarterly statement.

Judging by previous quarterlies there would not have been a significant cash burn so there should be around $1.5m in cash.

The next announcements re future plans will be interesting reading for holders.

Could be a while before news though imo...