i really believe that otl will be taken over by a medium sized...

i really believe that otl will be taken over by a medium sized telco looking to buy market share. at current prices otl would be a great buy as 06/07 ebitda is forecast to be at least 5million. below is a excerp from pacific internets 21 november press release. would not surprise me if they swallowed up otl and recent buying of otl at market prices suggests to me something might be brewing. i own the stock so of course i am hoping.

Liquidity and Capital Resources
As of September 30, 2005, the Group held cash and cash equivalents of US$38.0 million. The Group generated a cash surplus of US$3.6 million for the first nine months of 2005.

Operating activities for the first nine months of 2005 generated cash of US$7.5 million. Of this amount, US$4.0 million was used in investing activities, primarily the acquisition of a fixed asset. Cash provided by financing activities amounted to US$69,000, primarily from the issuance of ordinary shares through employees’ exercises of stock options pursuant to the Group’s employee stock option plans.

Comments
Mr. Bien Kiat Tan, Chairman of Pacific Internet Limited, said, “Our third quarter results are consistent with trends we have been experiencing over the past year. While we recognize that certain challenges lay ahead, we believe that the Company has the depth to meet these challenges head on while continuing its business growth.”

“With virtually no debt, a strong free cash flow and continuing corporate business growth in a growing Asia Pacific market, we are now focused on investing in the Company’s future. We will be looking specifically at strategic acquisitions such as the recently concluded T3 deal in Australia, key partnerships with VoIP service providers and major investments in areas such as wireless in Singapore, to steer us onto a stronger growth path. As we strengthen our foundation, the Company will emerge as a stronger and a more successful organization,” added Mr. Tan.

Opportunities

* Accelerating the non-access VAS and corporate business services, which continue to contribute strongly to Group revenues. In particular, the growing corporate business base presents fresh opportunities for the Group’s growing VAS.
* Extending the Group’s existing capabilities in new business areas such as voice through partnerships and acquisitions. Pacific Internet recently acquired T3 Communications, a voice-focused provider in Australia, which provides the Group with the expertise to strengthen its voice business and add value to its SMB business in Australia. The Group also inked a deal with a global VoIP service provider in Singapore to offer attractively priced Internet voice services to landline and mobile phones across the world.
* Continuing the wireless infrastructure build out in Singapore, a key market for the Group. This will dilute its dependence on the telcos, reduce the associated cost of sales and leverage new technologies to tap increasing opportunities to grow profits.