I sure did...for several reasons 1. No up to date disclosure of...

I sure did...for several reasons

1. No up to date disclosure of the current cash value
2. No clear direction of the business
3. Very hard to find out the intent of the new CEO....originally wanted to use it as a shell company to list another business on the ASX... what are his interests now? Seems to be a bit of a plaything at the moment
4. Too many uncertainties... i sold MBE @ 12-13c at a small 3% loss with the same gut feeling...the next week it hit 6c.....
5. It would make sense for the new CEO to get all the skeletons out of the closet in the next report...could be bad?
6. The SP movement suggests that the news will not be great...no serious buying before the HY

To summarize i cant make an educated decision with the available information and thus i must sell. All the above is just gut feel and speculation on my behalf.

Now i can be a bit of a gambler sometimes but this one is completely blind...the ideal situation if someone had some knowledge of the intent of the company as the rest of the market hasnt got a clue at the moment.

I hope you all make a fortune on this one but ill take my 3% loss and run for the moment...moneys too hard for me to accumulate to risk it on the unknown!

GL lads and ladies[/QUOTE]

They are due to release their quarterly in a few days. They operate on the US dates which are slightly different to AUST. Hopefully all will be revealed and cash at bank, sales, direction of company, cash burn, operational update will all be available for the market to digest. Could bad bad could be good.

But regardless, surely all of the bad is reflected in the current share price. I for one believe, hope ? That this is the bottom. I have been holding for a while and with not much joy. Shares of late have been doubling the price on the hint of something positive.