No wrong.
12,579m in cash at bank at 31/3/2009.
6.0m investment in WME
10.0m owed from ATW
Total 28,579m!!!!
approx 114m shares on issue.
Gives 25 cents per share!
Absolutely ridiculous. The stock is trading at over half of its NTA.
However you need to take into account the 40 million or so options exercisable at 15 cents