Ready , Set, Go

There is a lot to like about this stock now. I was intrigued that 57 million shares were coming out of Escrow on the day of the results. I figured that on the balance of probability the results would be good as I could not imagine management releasing 57 million escrow shares with a bad set of results ! So the report was solid but what about the escrow overhang ? That was handled with a 32 million cross at $2 and on market trading. Very well supported by a number of funds that are now releasing sub notices. What we have now is a very liquid stock trading on a current year PE of 11 on Shaws numbers of 20 cents eps, a takeover target which is pointing to Vocus, and an industry with significant tailwinds. All ties in nicely with thier recent acquistion AusBSS already using Vocus for thier backhaul.