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04/04/08
10:03
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ANZ Nominees held nearly 6.7m shares in REO as of the last annual report.
This equates to 2.96% of the company.
I would not be surprised if most of them were dumped yesterday.
Market cap at 0.008c is $1.8m.
The company had nearly $1.6m cash at the last quarterly statement.
Judging by previous quarterlies there would not have been a significant cash burn so there should be around $1.5m in cash.
The next announcements re future plans will be interesting reading for holders.
Could be a while before news though imo...
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