re: tnc--stocks with one foot in the grave BlackOil, top of the list would have to be TNC (Transol)
they're the reincarnation of Online Trading Systems.
Hopefully no one here holds this woof, it is fast following in the footsteps of the late unlamented Poltech.
Makes you wonder at the gullibility of some journalists, earlier this year the Age wrote a glowing article about the prospects for Transol, 'cash flow positive by June 30th, 2004, blah, blah'. The yearly report is a shocker, miniscule revenue and huge expenses and bleeding red ink all over the place. At the present rate they'll be gone in 6 months.
With the company's failure to get anywhere near cash flow positive do you think the Age will publish an update?
Not on your Nellie, they did the same writing glowing reports of Poltech with the result a lot of people got sucked in and lost the lot.
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