back on the boards today, page-7

Hmm... better than expected?

A quick glance at the balance sheet reveals that about 60% of shareholders equity has been wiped out.They will work back some of this through normal trading, perhaps 40-50M over the course of the year.

The good quality assets namely cash and cash equivalents are gone. Shareholders are left with assets such as $40M in intangibles and capital equipment whose values we have to believe in. We can only guess at the reputational damage.

The share price gyrations should be interesting to monitor.