Just spoke to David at TOX and he said that June is once again...

Just spoke to David at TOX and he said that June is once again looking early like another great month. He said that a small boutique funds manager will be meeting with the company on Wednesday with a view to take some stock. He also thinks that the underwriter has sold all his shares. He thinks the selling is coming from a punter who bought 5-10 million at 1.9-2.1 and is happy with the profits. He once again said that profits will be strong for the entire year and thinks profits of 3-5 million are reasonable assumptions. Put them on a P/E of 8-12 for an industrial company and work out for yourself what the SP will be in twelve months time.

cheers