Research report - $0.27/share DCF valuation, page-2

Absolute comedy while the current management are in charge.

They have had 3 & 1/2 years to do something and all they have done is blown over $30m cash, halved revenues, and LOST $17m in the last 12 months!!

Let's not forget they started at IPO with $48m raised, and $38m revenues

A 27c share price might be possible with new management but there needs to be change in order for this company to change it's destiny.

As they say 'the true definition of madness is doing the same thing over and over again and expecting a different result'

Dan Miall and John Dixon have had enough chances, they need to move aside and let someone else have a go.

Oh...AND Alan Sparks needs to put some skin in the game!!!!