ground hog day continues, page-15

BigHeap,

Unfortunately, all of your positive feelings about the company will come to nought, unless one single thing happens: they issue the $15m convertible notes.

They had $377,000 of cash left on New Year's Eve. They spent $10m in a single quarter before that.

As I understand it, when a company issues convertible notes, it has an obligation to post an ASX notice about it. I haven't seen one.

Maybe they've managed to get the cash, but just haven't bothered to inform the market. I don't know. Either way, they are a bunch of serious over-promisers.

Old Sheik Mark, in his Dubai desert mansion, won't be too welcome back in Charters Towers if he stuffs this one up!