Seemed cheap at 23c when i bought in but with the continued...

Seemed cheap at 23c when i bought in but with the continued downgrades and inability to get accounting correct i ended up having to sell at a loss.

Its starting to present value but with so many shares in weak hands (look at the gurden shell co.), i cant see this sustaining a good value until management present something of substance and not just empty forecasts which is going to take a while.

Im pretty sure the last gurden quarterly showed a -1.1m to cash flow so can't see this presenting great value in the short term at least till everything is streamlined and then they still need to turn it around by 4m plus to break even on the acquisition.

sad to see it getting to this level but i can see further hurt so waiting for a better re entry.