Yep it seems we are back to 'amateur hour'...thought after the first announcement on 10 September they had upped the quality of their announcements...appears I was wrong.
I have sent Phil a very lengthy and strongly worded email about this.
Despite this, given there was no 'bad news' in the announcement, I continue to view the SP weakness as a buying oppruntiny (simply due to the fact that the weakness is because of the poor announcement quality and current market malaise).
Once the company finally manages to communicate with investors properly about what exactly they are sitting on (rather than confusing them), the SP will be strongly rerated - yes even in the current market.
Cdchi1
ERH Price at posting:
19.1¢ Sentiment: LT Buy Disclosure: Held