rang nylex, asic, bad sp!

Nylex said:

It takes about a month for aquisitions to go through&none have been signed up yet.That will bring down the prospect of regaining the potential 30-40% profit reduction 2006 proportionally due to less time.

The sale of Exacto(SA) is has not gone through yet, they can lose their deposit, but because of the conditions attached they are stalling,maybe cold feet.

They thought the sp wouldn't go so low, but people are selling forcing the price down.

They thought the price would go up after yesterday's announcement that they will save $5m a year.

ASIC said wait.

I say the share price is too low.