big buyers with no news, page-4

I'm not a big buyer I only hold 150,000 shares but I got them at 0.009 I bought because this is a turnaround stock.. The company has been going down and down and down for years, last year they started on a new venture (again) but this time they sacked half the board, and brought in some people who might actually know a thing or two about the business they were embarking upon.

They shut down the other part of the company late last year that had been contributing around $1,000,000 per annum in losses, and have completely turned around cash flow wise in the last quarter.

Loss for 2006 financial year was around 4.3 million.
Sept quarter had -ve cash flow of $170,000
Dec quarter after a bit less than 2 months of the new vodaphone customers had positive cash flow of $951,000

Am I starting to paint a picture here??

add to that, there were a shipload (over 200 million) of shares issued late last year at .007 and well that is a good reason it stayed around the 0.015 mark for quite a while :)

1/2 yearly results should be out soon, so will be interesting to see whether they have actually turned a profit or not. but considering that they have only had a bit less than 2 months of positive cashflow during that half year, maybe not yet... However it will give an indication of what to expect for the rest of the year ;)

Tony.