Looks at the fundamentals as well before you put your money...

Looks at the fundamentals as well before you put your money in.

From the half yearly

Cash at the end of December was less than 1.3 million

Intangible assets valued at 429 million.

Total equity 403.4 million which is actually less than the intangibles!

Banking facility due to be fully repaid on 31st June 2002. Auditors said that if this wasn’t able to be renegotiated then they may not be a going concern.

From what I read this company may be relying on their majority owner Telstra to survive.


Also look at their last few years losses. Hard to believe they can turn it into a profit this time around.