Yes it's getting very interesting.
Since a change of directors in 2009 the financial position has changed dramatically.
Year End 2009 saw a total comprehensive loss of $737,971,000
and earnings per share of minus 0.012
The new management turned it around completely for YE 2010 - $194,813,000 profit and earnings per share of positive 0.003
So YE 2011 should also be impressive as the quarterlies have shown total operating and investing cash flows as
30/9/10 -($943,000)
31/12/10 -($14,000)
31/3/11 +$759,000
30/6/11 +$904,000
Receipts from customers
30/9/10 $2,760,000
31/12/10 $6,673,000
31/3/11 $4,975,000
30/6/11 $7,234,000
And cash held has increased from $1,061,000 as of 30/9/10
to $2,701,000 as of 30/6/11
With a market cap of $7,000,000 ... I totally agree elbows, the current share price is a great buying opportunity. And if the seller at .001 with the huge order (9/10ths of the sells) changes their mind ... the SP could appreciate 100% very quickly.
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