group md stands down from other company, page-8

interesting to se their cash position at the end of October 2009, interesting indeed!!!!!!

So the group MD goes after an absolute balls up. We are now going to have an internal replacement. The timing of the switch appears to me just to make it appear that the change in management has nothing to do with the performance - yeah pull the other one.

Now they clearly need to raise capital, at what price do you see this happening - this starting to look like an umitigated disaster in the making,

QUESTION
take two struggling companies, merger them raise just $3m and what do you get?

ANSWER
One larger struggling company.

Cest la vie