Ann: Quarterly Activities and Cashflow Report-UEQ.AX, page-2

With a reported $125,000 cash at bank at the end of theMarch quarter, UEQ is running close to zombie status.

Strong buying by Tim Goyder in the past few months has helped lift the share price one tenth of a cent or more at times but apart from his demand, there's been precious little from any other source.

This all adds up to a CR in the near future with a massive dilutionary effect given the low SP.

Is Tim seeing something there that isn't apparent to others, or clinging desperately to some renaissance stage #2 for the industry and the company?