A good question. I got in at NZ$1.70 and averaged down to NZ$1. But in averaging down I ended up with far too many of them.
I read (NZ Herald) that an announcement re a cornerstone investor or financing is around the corner. I think (hope?) that this will boost their share price, as it removes any question of the company going down the gurgle and the debt levels will be reduced.
I have learned some fantastic lessons from investing in this company, but why are all lessons so bloody painful???
In short: I think there is potentially quite an potential, but it is not necessarily a safe bet. Apart from the whole company going burst I can't see a lot of risk.
Louloubell
FPA Price at posting:
29.1¢ Sentiment: None Disclosure: Held
