There is a lot of debt here. Probably more than tangible assets...

There is a lot of debt here. Probably more than tangible assets and there is an issue amongst shareholders about this issue.

Cost of debt is pretty high - its all privately funded and interestingly mainly through scrip - which is being accumulated .

The plan as you already know is growth through acquisition.

And is areally a takeover play - growing large enough to be a pain in someone's butt -

2.5 c is a cheap buy - it will make the distance - no dramas there at all . And in time the positive cash flow will pay down the debt relatively quickly.

But the long play here is taking over target .

Sit tight put a few LAZY bucks here forget about it and you get your new car out of this.

If you're looking at skin in the game - management are in balls deep on paid registry so its about time here that's all .