It is because of the following:
- New investors are not confident about the rate of cash burning at the moment.
- Bottom line figures are still in negative territory, even though they have improved the sales turnover.
- no new contracts have been signed.
- investors are afraid of another failure - over promised but under delivery - similar to those failures like ERG, Intellect Holdings and the famous Onetel.
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- Ann: FY2010 results
Ann: FY2010 results , page-28
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