Chilia, I agree with you except for one small point. You say...

Chilia, I agree with you except for one small point. You say that the shares are worth 5.3c today, yes - if you take the Sony debt for equity swap as being true value. However, I would strongly suggest that if it came back on today it would be significantly lower than 5.3c, say 2.5c.

Putting aside the company line as pushed by our old friend NewTrader (he really does have anger management issues doesn't he), I can't see the market taking up $3m of shares at 5.3c can you?

Before they relist, they say they need to raise capital via this issue & yet no prospectus has been published as yet & most importantly no financial data relating to 31/3/07 or updates on cash burn & expenditure controls announced to the market (are they in breach?). So the likelyhood of relisting anytime soon are becoming increasingly remote (whats 81 days between friends!)

John McAlpine resigning due to the end of the dought seems a bit far fetched doesn't it? It is not unknown for directors of companies who are uncomfortable with the financial health of that company to jump ship. No one in their right mind wants to be involved in a company where the onus to meet a company's financial obligations might come back onto them personally.