Haven't followed this stock, but just starting to take a look at it now. Seems to have a solid cash burn rate given its current trading loss position, and deferred payments due historic acquisitions. They are spending big $$ on new systems and this won't translate to direct revenues until third quarter this year. Need to check out the terms of their debt to see whether they will run into liquidity problems. NAB seem to be bailing out as well. Watch out for goodwill impairments if they can't turn their cash-flow around soon. Seems there won't be any dividends for a couple of years !! Plenty of headwinds, but could be a speculative buy with a current market cap of only $50m.
TWO Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
