Ann: Half Yearly Report and Accounts, page-3

"On the bright side, at least the buyback is getting good value for shareholders." You think?

Buying back 2.1m shares from 434m (0.005%) is just exaggerating the current lack of interest in their progress and further depressing the price.

Revenue is up 6% but Advertising and Marketing is up around 30% and Staff and Director Costs up 12%.

It's not the worst Microcap around but unless they achieve some sort of scale the best we can hope for is a TO. Current MC is $32m less cash, so $22m. An average TO premium is around 30% so even at $0.085 you'd be lucky to get $0.11. Grinding the SP down is just making it worse.

Maybe they could dedicate the $250k to their Advertising budget and generating cash and achieving the scale they keep talking about. Six per cent revenue growth just isn't disruptive.

Sorry, didn't mean to whinge but share buy backs are for the big kids. IMO they make no sense at this end of the market.