Yes Itchie, I was there & management accept they have made some...

Yes Itchie, I was there & management accept they have made some poor decisions, however they have many plans in place, (some already implemented) to turn the co around. ie, with top line products & agreements in place, stratergies to reduce debt and streamlining of efficiancies all seems very positive if it all comes together.
Re takeover,
I spoke to mr Oates who said the bid is serious ( already bought 20%) but they will need some time to do their due diligence etc, plus fun need to get independant evaluation of co to report back to shareholders, re if its a good deal for all shareholders etc. I feel confident the deal will eventually go ahead, however it just depends what will be the overall price which I think will be more likely to be the .80c or even slightly higher. This process is said to take time aprox 2-3 mths, hence IMO why its trading at a discount. Mr Oates said the co are focussed & will endeavour to keep us up to date continually with progress.
Good luck to those who hold