I finally bit the bullet and bought back in. All the signs are comming out IMO that the company is going to recover...and now with 2 other isp MDs on the IINET board I just dont see how they can flop...thats 3 ISP MD's on the one board!! PWT MD, AMCOM MD and IINET MD. PWT increased its share so looks like IINET met its revised targets and its not worse (as they said they would not increase their stake if certain profit targets were not met). Selling IHUG to focus on Aussie operations + help with gearing. Looks brilliant atm. I think they are really stripping the business top to bottom to make this work. I have a feeling the other MDs from the other ISP are majorly helping refit this business as they need to protect their investment. The two big stake holders bought in a 83 cents and 87 i think? So if you buy now thats over 10 cents less than they bought...so it provides some comfort IMO.
IIN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
