Assuming they break even this qtr on operating cashflow...

Assuming they break even this qtr on operating cashflow (probably small negative say $2m) and sale of retail goes ahead that should leave them with min $30m in cash maybe more given Are Media are taking on a negative working capital cashlfow of $27m. And while the Directors would be very conscious of trading while insolvent, I think this has a lot more life in it that what the SP is allowing. Granted it is a shite industry which ain't going to get better anytime soon but for a punt and a chance to easily double your money I'm happy to take on the risk and have bought in for a 2-3 month time horizon.