Ann: Financial Performance and Growth Opportunities, page-16

Nah it's still sorting itself out but it
looks cheap tho IMO. Market Cap around 9 million tonight.
Looks like they are paying debt down at $225000 a month this FY so maybe guess annual
earnings of approx 2.7 million which gives a pe of approx 3.3
Profitable growth stocks often have a pe of 20 plus.
Debt approx 6.3 million and being paid down at around $225000 a month.
Cash at Bank before the raising was 3.3 million so say they used half of the raising for working capital then the current cash balance could potentially now be sitting around 4 or 4.5 million(quarterly will tell us) meaning net debt would be approx 2 million if this guesstimate is correct

To me, if they can continue on in the current vein with the nasty restructuring costs behind them then bad sentiment should take care of itself. If the share price recovered to 5 cents which I'm guessing would place it on a pe of about 8 they could conceivably issue a 100 million shares and blow the debt out of the water and free up their cash flow for further growth.

All of the above is merely me surmising and shouldn't under any circumstance be taken as investment advice. DYOR.

I imagine the sophistos who took part in the raising will want more then their money back.