revenue too low for a merger.. each $1mill in revenue usually mean $1mil in capital... so this company is worth around $2mil, likely cost 2mil to make the current staff redunded...
the share should fall to around 5cents on a slow down wood trend.. but then again a big customer may come along in the short term, but dont see that that happening, likely to lose more and disappear with customers money with their current spending.....
Ann: Appendix 4E Preliminary Final Report, page-18
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