hhhmmm I would expect it to well overshoot to the downside when it re-lists so maybe it will get close to ~5-7c/share. sale at 13.5mil minus any sales costs and payment to administrators (which at >6months has to be over $1mil easy) and paying back the related party loans which from memory in the annual reports came to about $4mil they should have $7-8mil in the bank.
Given Mckennas gone and the way these guys like to spend money I think tht would last them 12-18months before whatever poor decision finally puts them down.
WHA Price at posting:
48.7¢ Sentiment: None Disclosure: Not Held
