ASX YOW - Buying Cash?, page-27

Hard to argue with some of your points in terms of what's gone on in the past, but as a new shareholder I think the risk vs reward play here is compelling (especially after looking at some of the recent corporate activity).

At 30 June the then board owned a tiny 1.3% of the company (2.8m shares). Since then:

• Basset gone as a director (representing 100,000 shares).
• New director appointed (Bolton, Keybridge) - controls 28.6m shares
• New director (Patton, Aurora) appointed -controls 26.3m shares.
• Both have increased their holdings in YOW since 30 June (one even offering a take over at 9c a share in the past - they see value).

Seems like the large Shareholders have finally had enough and started to clean house - at least the board now has some skin in the game.

I'm keen to see how this plays out as to me the current price seems like a bit of a free kick even for small holders (not even cash value). Also if nothing happens and things stay as is, they produce $4.2m in free cash each year based on the past three quarterly's.

Well that's why I'm in - good luck to all shareholders.