no placement ,closing offices in singapore hong kong and denver .going to concentrate on the australian contracting business and existing pcf products cutting r and d from 5,000,000 to 500,000.cutting costs by 700,000 a month by july .asset sales and writedowns and pcf technology marketsto be developed by commisioned agents outside australia and south africa.they are battening down the hatches .they say that the businesses are sound and generating profits but they have been spending to much time and money on the pcf tecnology development.according to hartleys and patersons the contracting businesses have a value of .45 cents a share .wrongway
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