Current cash position?, page-3

Not sure about their current cash position but as you should know they're still owed money from Cottee before the end of the year from the sale of intellectual property.
Few companies are in this field and EIF look well placed.
Remember Bradford Particle Design Plc was taken over by Inhale Therapeutic Systems for US$200 million in Dec 2000.
Eiffel has a current market cap of A$15 million, so a takeover of even half that amount would add 10 times the value to the share price.
As I said, for many of us its been years waiting and the fact is that the share price, although been as low as 8 cents, is still very cheap in the big picture!

Good Luck!

Regards,
xmagx