Road from here, page-7

To Ash,

"How multi 100million dollar company turned into a only 44 million dollar company. What future lies ahead of VET would it improve?"

At best it was a huge bet on growth from the start with the help of the floating banks, the issuer and endeared investment analysts..

At worst an elaborate construction from the 3 original shareholders to make a quick buck..

I suggest you look at the combined turn-over pre-float of the 3 companies that merged.. All in all, VET is returning to (at best) their combined TO..

All gloss and sparkles to get the investors sucked in on the back of generous and some would say very questionable contracts awarded by the Victorian E DPT.

All principal actors are out, having pocketed their gains..

Business model? There was NONE.. Just a huge bet on growth, which will stay as the most short lived, fastest unravelling IPO in Australian history.

I remember looking at the post IPO B/S and thinking 217 million goodwill?

UBS will settle with the claimants.. They have to.. No money will be extracted from the original shareholders. Their reputation tarnished but, in spite of the spin of the IPO, looking at the original companies, they were just small business owners, who found the right story, at the right moment to spin out and sting investors.

A good buy under 0.18 to sell over 0.22

Crash later post is as good a prospective analysis as one can get..