IMH material is good reading. Phoslock is based on 30 years of R&D work so they have a good product. They listed on asx mid 2002 knowing that the market was depressed. They have not burnt a lot of cash and management seem very capable. Their treatment so far have proved successful. Long ago I did invest in vti back in the tech boom when stocks doubled overnight. Since then I have not followed vti and don't know if they have been able to win any contracts. On the other hand IMH has achieved much in 12 months from when they listed. Not too many shares on issue. 2004 should be an interesting year.
vti or imh ??????, page-17
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