re: nta 10.4 cents - last trade 6.8 cents - xmagx
Hi xmagx
Not many co's @ 6.8c pay dividend & forecast future profits
There is a new bloke in charge so maybe he will fire the co up. He is already changing practices to source product from China like everyone else does now
The share price hasn't been much lately that's probably why they had to issue new ones @ 5.5c with a free opt exer @ .085c 28/2/06. The new shares were entitled to the div as well!!! - Unusual
There was a 6m shortfall with the issue
Normally if the co is so profitable you would expect them to forgo the div & not have to issue new shares. However, though it is probably better to run the debt down as quickly as possible
I am contemplating taking some of the HUGOA @ .007c soon
The other opts exp May 05 are exer @ .11 so not worth thinking about
HUG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held